My Money

NPS calculator — corpus, lump sum & pension

NPS is a low-cost retirement account with extra tax breaks. At exit, part becomes a lump sum and part buys a pension. See both.

 yrs
₹
Your own plus your employer’s
 %
Investment choice
Aggressive (75% equity) · assumes 10.5% a year
Exit & annuity
 yrs
You can exit as late as 85; we assume you keep contributing until then
₹
You are a
 %
Minimum 20% for you
 %
Insurers currently pay roughly 6–7%
NPS corpus at 60
₹1.81 Cr
₹1.44 Cr lump sum + pension of ₹19,557/month

What you get at exit

Pension
₹19,557
a month
Lump sum
₹1.44 Cr
Tax-free part
₹1.08 Cr
Annuity corpus
₹36.11 L
You invested
₹39.86 L

Growth until exit

0₹50 L₹1 Cr₹1.5 Cr₹2 Cr30354045505560
ContributionsGrowth
Since December 2025, most non-government subscribers can take up to 80% as a lump sum; government employees still buy an annuity with at least 40%. Up to 60% of the corpus is tax-free; annuity income is taxed as salary.
₹36.11 L of this lump sum is above the 60% tax-free limit. The tax law hasn’t yet been changed to match the new 80% rule, so that part would be taxed at your slab rate. You can leave more in the annuity instead, though annuity income is taxed too. Check the rules again closer to your exit.
Tax: your own NPS contribution gets an extra ₹50,000 deduction in the old regime. Your employer’s contribution is deductible in both regimes: up to 14% of basic in the new regime, 10% in the old.
How it’s calculated

The maths, in plain words

Building up

Your monthly contribution (rising each year if you like) grows at a return set by your equity choice.

At exit

Since December 2025, most non-government subscribers can take up to 80% as a lump sum and must use at least 20% for an annuity. Government employees: at least 40% annuity.

Pension

The annuity corpus × the annuity rate an insurer offers ÷ 12. Annuity income is taxed like salary.

Questions

People also ask

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How much pension will NPS give?
Investing ₹5,000 a month from 30 (rising 5% a year) at ~10.5% could build about ₹1.8 crore by 60. Using 20% for an annuity at 6.5% gives roughly ₹19,500 a month, with ₹1.4 crore as a lump sum.
Is the NPS lump sum tax-free?
Up to 60% of the corpus is tax-free at exit. Check the tax treatment of anything you withdraw above that.
Which NPS option should I pick?
Younger investors usually choose higher equity: up to 75% in the standard schemes, or up to 100% in the high-risk options of the Multiple Scheme Framework, open since October 2025. Auto choice reduces equity as you age. Those higher-equity options are for non-government subscribers. Central Government employees in NPS could switch to the Unified Pension Scheme, which pays a fixed pension; the window for existing staff closed on 30 November 2025.
Understand it

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