— Retirement & FIRE
NPS Calculator
Project your National Pension System corpus at 60. Enter contributions, expected return, step-ups, and employer contributions to see the maturity corpus, tax-free lump sum, annuity purchase amount, estimated monthly pension, and 80CCD tax benefit.
Total NPS corpus at 60
₹11,302,439.62
- Lump sum at 60 (60%)
- ₹6,781,463.77
- Annuity corpus (40%)
- ₹4,520,975.85
- Estimated monthly pension
- ₹22,604.88
- Total invested
- ₹1,800,000
- Total gains
- ₹9,502,439.62
Try: ₹5k/month, age 30 → 60, With a 10% yearly step-up, Annuitise 100% for max pension, With 30% tax saving
— Year-by-year NPS growth
| Age | Contribution | Growth | Corpus |
|---|---|---|---|
| 31 | ₹60,000 | ₹2,828 | ₹62,828 |
| 32 | ₹60,000 | ₹9,407 | ₹132,235 |
| 33 | ₹60,000 | ₹16,675 | ₹208,909 |
| 34 | ₹60,000 | ₹24,703 | ₹293,612 |
| 35 | ₹60,000 | ₹33,573 | ₹387,185 |
| 36 | ₹60,000 | ₹43,371 | ₹490,557 |
| 37 | ₹60,000 | ₹54,196 | ₹604,752 |
| 38 | ₹60,000 | ₹66,153 | ₹730,905 |
| 39 | ₹60,000 | ₹79,363 | ₹870,269 |
| 40 | ₹60,000 | ₹93,956 | ₹1,024,225 |
| 41 | ₹60,000 | ₹110,078 | ₹1,194,302 |
| 42 | ₹60,000 | ₹127,887 | ₹1,382,189 |
| 43 | ₹60,000 | ₹147,561 | ₹1,589,751 |
| 44 | ₹60,000 | ₹169,295 | ₹1,819,046 |
| 45 | ₹60,000 | ₹193,306 | ₹2,072,352 |
| 46 | ₹60,000 | ₹219,830 | ₹2,352,182 |
| 47 | ₹60,000 | ₹249,132 | ₹2,661,314 |
| 48 | ₹60,000 | ₹281,502 | ₹3,002,816 |
| 49 | ₹60,000 | ₹317,262 | ₹3,380,078 |
| 50 | ₹60,000 | ₹356,766 | ₹3,796,844 |
| 51 | ₹60,000 | ₹400,407 | ₹4,257,251 |
| 52 | ₹60,000 | ₹448,618 | ₹4,765,869 |
| 53 | ₹60,000 | ₹501,877 | ₹5,327,745 |
| 54 | ₹60,000 | ₹560,712 | ₹5,948,458 |
| 55 | ₹60,000 | ₹625,709 | ₹6,634,167 |
| 56 | ₹60,000 | ₹697,512 | ₹7,391,679 |
| 57 | ₹60,000 | ₹776,833 | ₹8,228,512 |
| 58 | ₹60,000 | ₹864,461 | ₹9,152,973 |
| 59 | ₹60,000 | ₹961,264 | ₹10,174,236 |
| 60 | ₹60,000 | ₹1,068,203 | ₹11,302,440 |
— NPS corpus — contributions vs gains
Download— How it works
Accumulate contributions (plus any employer share, with optional step-up) at your expected return to age 60 → total corpus. Lump sum = up to 60% (tax-free); annuity corpus = at least 40%; monthly pension = annuity corpus × annuity rate ÷ 12.
How NPS pays out at 60
NPS is a market-linked pension account: your contributions are invested in a mix of equity, corporate bonds and government securities until you turn 60. At that point the rules split your corpus. You can take up to 60% as a lump sum, entirely tax-free. The remaining 40% (or more, if you choose) must be used to buy an annuity from an insurer, which pays you a monthly pension for life. The calculator projects the corpus, both portions, and the pension the annuity buys.
Worked example — ₹5,000 a month from age 30 to 60 at a 10% return: The corpus grows to about ₹1.13 crore; ₹67.8 lakh is a tax-free lump sum and ₹45.2 lakh buys the annuity. At a 6% annuity rate that’s a pension of roughly ₹22,600 a month for life.
The annuity choice and the tax break
You control the split: annuitising the minimum 40% maximises your lump sum, while annuitising more (up to 100%) gives a larger pension but less cash up front — adjust the annuity portion to compare. The pension also depends on the annuity rate the insurer offers, typically 5–7%. On the way in, NPS is one of India’s most tax-efficient products: contributions are deductible under 80CCD(1) within the ₹1.5 lakh 80C limit, plus an exclusive extra ₹50,000 under 80CCD(1B) — so a 30% taxpayer can save up to ₹60,000 a year in tax.
Assumptions and the statutory caveat
Your return depends on your asset allocation — an equity-heavy active or aggressive auto choice targets higher growth (and risk) than a government-security mix. The calculator uses a single expected return, so treat the corpus as an estimate. Annuity rates, the 60/40 split rules and the 80CCD tax limits are set by the regulator (PFRDA) and the government and can change. This models Tier I (the retirement account); Tier II is a flexible add-on without the same lock-in or tax treatment. Check the official NPS/PFRDA sources for current rules.
— Reader questions
How much NPS corpus will I have at 60?
It depends on your contribution, years and return. ₹5,000 a month from age 30 at a 10% return builds about ₹1.13 crore by 60. A step-up or employer contribution raises it substantially.
How is the NPS corpus split at retirement?
Up to 60% can be taken as a tax-free lump sum, and at least 40% must buy an annuity that pays a monthly pension for life. You can annuitise more than 40% for a bigger pension.
How much monthly pension will NPS give me?
The annuity corpus times the annuity rate, divided by 12. A ₹45 lakh annuity corpus at a 6% rate pays about ₹22,600 a month. A higher annuity portion or rate increases it.
What tax do I save with NPS?
Contributions are deductible under 80CCD(1) within the ₹1.5 lakh 80C limit, plus an extra ₹50,000 under 80CCD(1B) that’s exclusive to NPS. A 30% taxpayer using the full extra ₹50,000 saves ₹15,000, and up to ₹60,000 using the whole ₹2 lakh.
Is the NPS pension guaranteed?
No. The corpus is market-linked, so returns vary, and the pension depends on annuity rates at retirement. This tool uses constant assumptions — treat it as a projection, not a promise, and check PFRDA for current rules.