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NPS Calculator

National Pension System wealth and pension projection.

Last reviewed:
Assumed returns · India

Minimum ₹1,000 a year for Tier I.

You can join NPS between 18 and 70.

An assumption. NPS returns depend on the market and the fund mix.

Default 40%. Check current PFRDA exit rules for your subscriber category.

Yearly rate an insurer pays on the annuity amount. Quotes vary.

Quick examples

Estimated monthly pension₹22,793

₹5,000 a month from 30 to 60 at an assumed 10%, with 40% buying an annuity at 6%.

Y1Y5Y10Y15Y20Y25Y30
Total contributedNPS corpus
What you are seeing: You put in ₹18,00,000; the corpus grows to ₹1,13,96,627. ₹45,58,651 buys the pension and ₹68,37,976 is the lump sum.
Monthly pension₹22,793
Corpus at 60₹1,13,96,627
Lump sum at 60₹68,37,976
Total contributed₹18,00,000

What each result means

Monthly pension

What it is: Annuity amount × annuity rate ÷ 12.

Your value: ₹22,793

Taxable as income.

Corpus at 60

What it is: All contributions plus assumed growth.

Your value: ₹1,13,96,627

Depends on the return you enter.

Lump sum at 60

What it is: Corpus not used for the annuity.

Your value: ₹68,37,976

Tax-free up to 60% under current rules.

Total contributed

What it is: Monthly amount × months to 60.

Your value: ₹18,00,000

Your own money.

Year-by-year breakdown

NPS Calculator year-by-year schedule
AgeContributed this year (₹)Total contributed (₹)Corpus at year end (₹)
31₹60,000₹60,000₹63,351
32₹60,000₹1,20,000₹1,33,337
33₹60,000₹1,80,000₹2,10,650

Contributions are made at the start of every month and grow at the return you enter, compounded monthly.

Showing the first 3 of 30 years. Want charts, formulas and the full schedule? Get the detailed PDF.

What this calculator does

The National Pension System (NPS) builds a retirement corpus from your contributions. At 60, part of it must buy an annuity (a monthly pension from an insurer) and the rest can be taken as a lump sum.

What your result means

Starting early matters most: the last years of growth add more than the first years of saving. The pension depends on both the corpus and the annuity rate available at 60.

Formula

1. Corpus and pension

C = M × [((1 + i)ⁿ − 1) ÷ i] × (1 + i); Pension = C × a × R ÷ 12

Symbols

C
Corpus at 60 (₹)
M
Monthly contribution (₹)
i
Monthly return = annual ÷ 12
n
Months to 60
a
Annuity share (decimal)
R
Annuity rate (decimal)

Why this formula works

Each monthly contribution compounds until 60. The annuity part is then paid out as a monthly pension.

Unit check

₹ = ₹ × (no unit). ✓

Common mistakes

Treating the assumed return as guaranteed. Forgetting the annuity share cannot be taken as cash.

Working for your numbers

  1. n = 360 months, i = 10% ÷ 12
  2. Corpus = ₹1,13,96,627
  3. Annuity = ₹1,13,96,627 × 40% = ₹45,58,651
  4. Pension = ₹45,58,651 × 6% ÷ 12 = ₹22,793

Frequently asked questions

Are NPS returns guaranteed?

No. NPS invests in equity, corporate bonds and government bonds. See NPS Trust for past returns; the future can be different.

What tax benefits does NPS give?

In the old regime, up to ₹50,000 extra under 80CCD(1B). Employer contributions under 80CCD(2) are allowed in both regimes within limits.

Does this calculator tell me what to do?

No. It is an educational estimate using published rules. It does not know your full situation. For a personal decision, speak to a qualified tax professional or a SEBI-registered investment adviser.

Symbols and assumptions

M
Monthly contribution (₹)
r
Expected return (%)
a
Annuity share (%)
  • The same monthly amount until 60.
  • The return you enter stays the same every year.
  • Annuity rate is an assumption; real quotes vary.
  • Fees and taxes are not deducted.
  • Figures are in Indian Rupees (₹).

Sources and review

Reviewed 2026-10-05 · Next review 2026-12-31

Not investment advice. VIA Capital is not a SEBI-registered investment adviser and this calculator does not recommend any fund, product or investment strategy. Market-linked investments are subject to market risk; assumed returns are not indicative of future results.
Important limitation. This is an educational estimate based solely on the values and formula shown. It is not financial, tax or investment advice. Actual returns will differ from any assumed rate. Verify with a qualified financial professional before making any investment decision.
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How it works

A voluntary retirement scheme with a mix of equity and debt.

The formula

Accumulation + Annuity projection
M
Monthly Contribution
E
Equity Exposure

Worked example

Investing ₹10k monthly until 60 to get a pension + lumpsum.

Pro tips

  • Extra ₹50,000 tax deduction under Sec 80CCD(1B).

Common mistakes

  • Selecting too little equity in younger years.

Go deeper

Related lessons

Retirement Planning

Concepts to explore

NPS Tier 1 vs Tier 2

Related guides

NPS Calculator: How It Works, Formula and a Worked Example

National Pension System wealth and pension projection. Here is the formula, a worked example, the mistakes to avoid, and a free calculator with a downloadable PDF report.

Read guide

Institutional grade calculations are illustrative and for educational wealth architecture. Results do not constitute investment advice.