Calculators · Savings and retirement
NPS calculator
Your NPS corpus, lump sum and monthly pension at retirement.
At least 20% for most subscribers since December 2025 (40% keeps the whole lump sum tax-free).
Estimated monthly pension
₹20,793
Corpus of ₹1.04 crore at 60
Lump sum
₹62.38 lakh · 60%
Annuity
₹41.59 lakh · 40%
- Total contributed
- ₹18,00,000
- Returns earned
- ₹85,96,464
- Corpus at exit
- ₹1,03,96,464
- Lump sum (tax-free part)
- ₹62,37,878
- Used to buy an annuity
- ₹41,58,585
How it works
Your monthly contributions grow until you retire. At exit, part of the corpus buys an annuity that pays a monthly pension, and the rest can be taken as a lump sum.
Since PFRDA's December 2025 changes, non-government subscribers with a corpus above ₹12 lakh can take up to 80% as a lump sum and must annuitise at least 20%. Only 60% of the corpus is tax-free on withdrawal until the income-tax law is amended, so the calculator shows the taxable part separately.
Your own contributions are deductible up to ₹50,000 extra in the old regime; your employer's contribution is deductible in both regimes.
Questions
How much of the corpus can I take as a lump sum?
Non-government subscribers can take up to 80% if the corpus is above ₹12 lakh, with at least 20% buying an annuity. Smaller corpuses have more flexible options, including the full amount if it is ₹8 lakh or less.
What annuity rate should I assume?
Annuity rates for a life pension are around 6–7% a year at 60. Rates for joint-life or return-of-purchase-price options are lower.
Is the lump sum taxable?
Up to 60% of the corpus is tax-free. The rules now allow up to 80%, but the part above 60% is taxable until the income-tax law catches up. The pension is taxed as income each year.
Results are estimates for planning, not tax, legal or investment advice. Rates and rules were checked on 4 October 2026; confirm the figures that apply to you with your bank, fund house or tax adviser.