NPS Calculator
Project your National Pension System corpus at 60, the lump sum you can take, and the monthly pension the annuity portion might provide.
Researched by Mirza Seraj BaigFacts last checked against official sources on 7 September 2026Contributions are projected until age 60, the normal exit age.
NPS returns are market-linked and not guaranteed.
PFRDA requires a minimum of 40% at normal exit. You may choose more.
The rate the annuity provider offers at the time you buy. Typically quoted around 5–7%.
Projected corpus at age 60
₹92,22,370
≈ 92.22 lakh
- Years of contribution
- 30
- Total invested
- ₹18,00,000
- Investment gain
- ₹74,22,370
- Lump sum at exit
- ₹55,33,422
- Used to buy annuity
- ₹36,88,948
- Estimated monthly pension
- ₹18,445
This is a projection, not a guarantee. NPS returns are market-linked, and the annuity rate you actually get depends on what providers are offering when you turn 60. The lump sum is tax-exempt; annuity income is taxed as per your slab in the year you receive it.
How this is calculated
Monthly contributions are compounded to age 60 using FV = P × [((1 + i)^n − 1) ÷ i] × (1 + i), where i is the monthly return and n the number of months. At normal exit, PFRDA requires a minimum of 40% of the corpus to buy an annuity, with up to 60% taken as a tax-exempt lump sum. Estimated monthly pension = annuity corpus × annuity rate ÷ 12.
Frequently asked questions
How much of my NPS corpus can I withdraw at 60?
At normal exit on turning 60, a minimum of 40% of the accumulated pension wealth must be used to buy an annuity, and the remaining 60% can be taken as a lump sum. If the corpus is ₹5 lakh or less, the entire amount can be withdrawn as a lump sum.
Is the NPS lump sum taxable?
The lump sum withdrawal of up to 60% of the corpus at exit is tax exempt, and the amount used to buy the annuity is also exempt. The annuity income you subsequently receive is taxed as per your slab in the year you receive it.
Can I use more than 40% for the annuity?
Yes. Forty per cent is the minimum, not a cap — you can choose to use more of your corpus to buy an annuity, which raises your monthly pension and reduces the lump sum.
Is the projected pension guaranteed?
No. NPS returns are market-linked, and the annuity rate depends on what providers are offering when you turn 60. Both the return and the annuity rate in this calculator are assumptions you enter, not guarantees.
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