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NPS Calculator

National Pension System corpus at retirement, split between the lump sum you take and the annuity you must buy. The pension figure is an estimate, not a quotation from any annuity provider.

ModeratePart market-linkedUntil age 60, with limited exceptions

Corpus at retirement

₹2,27,93,253

after 30 years at the return you assumed

You invest

₹36,00,000

Estimated gains

₹1,91,93,253

Absolute return

533.1%

total gain on money in

Annualised (XIRR)

10.46%

money-weighted

At retirement, the corpus splits

Tax-free lump sum

₹1,36,75,952

Buys an annuity

₹91,17,301

Estimated pension

₹45,587/mo

The pension is an arithmetic estimate from the annuity rate you entered, not a quotation. Real annuity rates at your retirement date are unknowable today.

How it builds up

Maturity value₹2.28 Cr

Invested15.8%
Gains84.2%

Show what it is worth in today’s money

Maturity value

₹2,27,93,253

Gains

₹1.92 Cr

What the number above does not tell you

A maturity figure is only half the picture. These are the terms attached to it.

Risk: Moderate
Guaranteed by: None on the corpus — returns depend on your chosen equity/debt allocation
Lock-in: Until age 60, with limited exceptions
Liquidity: Very low
Tax treatment: Deductions under 80CCD(1B) over and above 80C. At exit the lump sum is tax-free; the annuity income is taxed as income.

Worth weighing before you commit

NPS returns are market-linked and vary by the scheme and allocation you pick; there is no declared rate.
A minimum share of the corpus must be used to buy an annuity, and the pension it produces depends on annuity rates at that future date — which nobody can predict.
The annuity income is taxable as income in the year you receive it.

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NPS

NPS questions, answered

How the arithmetic on this page works, what the projection assumes, and where the output is most often misread.

That you contribute the amount you entered, every year, until retirement, and that the blended portfolio returns the rate you entered throughout. NPS invests across equity and debt in proportions you choose, so the realistic return depends heavily on that mix — an equity-heavy allocation has a wider range of outcomes in both directions than a debt-heavy one.

No. A minimum share of the corpus must be used to buy an annuity that pays a pension; the rest can be withdrawn as a lump sum. That is the defining constraint of the product and the main thing that separates it from an ordinary retirement portfolio. The calculator shows the split so the lump sum is not mistaken for the whole balance.

Because it would be a guess. The pension depends on annuity rates on the day you retire, decades from now, and on which annuity variant you choose — whether it continues to a spouse, whether the purchase price is returned. Projecting a monthly figure would mean inventing a rate for a future market, so the calculator stops at the corpus and the split.

The distribution of outcomes, not just the average. A higher equity share raises the expected corpus and widens the range around it; the lifecycle options reduce equity automatically as you approach retirement, which narrows the range late on when there is no time to recover from a fall. Running the calculator at two or three different rates shows how much that choice matters over your remaining term.

Contributions attract deductions, including one available over and above the general limit; at exit the lump-sum portion has been tax-free within limits while the annuity income is taxed as income in the year it is received. The detail depends on your tax regime and is revisited in Finance Acts, so treat this as the shape of the treatment and confirm the current rules.

Please note: this is a calculator, not financial advice, and we are not an adviser, broker or distributor. The figures are arithmetic on the inputs you supply. The return you enter is an assumption; past performance does not predict future returns and no market investment guarantees a result. Taxation depends on your own circumstances and on rules that change. For a decision of any size, speak to a SEBI-registered investment adviser or a qualified chartered accountant.

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What the number above does not tell you

A maturity figure is only half the picture. These are the terms attached to it.

Risk

Moderate

Guaranteed by

None on the corpus — returns depend on your chosen equity/debt allocation

Lock-in

Until age 60, with limited exceptions

Liquidity

Very low

Tax treatment

Deductions under 80CCD(1B) over and above 80C. At exit the lump sum is tax-free; the annuity income is taxed as income.

Worth weighing before you commit

NPS returns are market-linked and vary by the scheme and allocation you pick; there is no declared rate.
A minimum share of the corpus must be used to buy an annuity, and the pension it produces depends on annuity rates at that future date — which nobody can predict.
The annuity income is taxable as income in the year you receive it.

NPS Calculator

At retirement, the corpus splits

How it builds up

What the number above does not tell you

Worth weighing before you commit

Other calculators

NPS questions, answered

What does the corpus projection assume?

Can I take the whole corpus as cash at retirement?

Why doesn't the calculator show my monthly pension?

What does the choice of fund and allocation change?

How is NPS taxed in India?

NPS Calculator

At retirement, the corpus splits

How it builds up

What the number above does not tell you

Worth weighing before you commit

Other calculators

NPS questions, answered

What does the corpus projection assume?

Can I take the whole corpus as cash at retirement?

Why doesn't the calculator show my monthly pension?

What does the choice of fund and allocation change?

How is NPS taxed in India?