NPS corpus at 60, the lump sum, the annuity and an estimated monthly pension
Estimates only, not financial advice. What you type stays on your device. Checked against sources on 18 Oct 2026.The National Pension System pays out at 60, when at least 40 per cent of the corpus must buy an annuity and the remainder may be taken as a lump sum. This estimates all three figures, and the monthly pension that annuity would produce.
Rates and rules read from the sources listed on this page (the earliest on 18 Oct 2026); they may have changed since.
Set the "Monthly contribution", or pick one of the amount chips above it, and set "Your age".
Set the "Expected return" you want to assume; NPS returns are not guaranteed.
Under "You are a", choose your subscriber type, then set "Used to buy an annuity" and the "Annuity rate" your insurer quotes.
Read the "Estimated monthly pension from 60" with the corpus, lump sum and annuity split, then press "Share result".
The NPS calculator estimates what the National Pension System builds by age 60 and what it pays after. Enter your monthly contribution, your age, the return you expect, the share of the corpus you will use to buy an annuity and the annuity rate. You get the corpus at 60, the lump sum you can take, the amount that buys the annuity and an estimated monthly pension.
₹5,000 a month from age 30 to 60 at 10% a year grows to about ₹1.14 crore from ₹18 lakh paid in. Putting 40% of it into an annuity at 6% a year gives a pension of about ₹22,793 a month, with about ₹68 lakh as a lump sum.
The formulas, in plain text, with i = expected yearly return ÷ 12 and N = months until 60: corpus = C × [((1 + i)^N − 1) ÷ i] × (1 + i), each contribution C paid at the start of the month. Annuity amount = corpus × annuity %. Lump sum = corpus − annuity amount. Monthly pension ≈ annuity amount × annuity rate ÷ 12.
At exit, part of the corpus must buy an annuity. The PFRDA regulations amended in December 2025 keep the minimum at 40% for government sector subscribers and lower it to 20% for other subscribers; a corpus up to ₹8 lakh can be taken in full, and from ₹8 lakh to ₹12 lakh up to ₹6 lakh as a lump sum. The page shows the date of the rules it uses; confirm them with PFRDA before you decide.
NPS returns depend on the funds you choose and are not guaranteed, and annuity rates vary by provider and option. Part of the lump sum is tax-free and the pension is taxed as income; confirm the current rules for your tax year. Estimates only, not financial advice.
Sources: the Pension Fund Regulatory and Development Authority (pfrda.org.in): the PFRDA (Exits and Withdrawals under the National Pension System) Regulations and the Amendment Regulations, 2025; the Income Tax Department for tax on NPS withdrawals and pensions.
Pension depends on the corpus at 60, the share used to buy an annuity and the annuity rate on offer. 5,000 a month from age 30 at 10% builds about 1.14 crore; putting 40% of that into an annuity paying 6% gives about 22,793 a month. Neither the return nor the annuity rate is guaranteed.
Under the PFRDA exit regulations as amended in December 2025, government sector subscribers must use at least 40% of the corpus for an annuity and other subscribers at least 20%. A corpus up to ₹8 lakh can be withdrawn in full. Confirm the current rules with PFRDA before you decide.
Each monthly contribution grows at the expected return divided by 12 every month until you turn 60: corpus = C × [((1 + i)^N − 1) ÷ i] × (1 + i), where N is the number of months. It is the same formula as a SIP.
NPS returns depend on how your money is split between equity, corporate bonds and government bonds, and they are not guaranteed. Past returns of pension funds are published on the PFRDA and NPS Trust websites. Try a cautious and an optimistic figure to see the range.
Annuity rate is the yearly pension an insurer pays for every rupee used to buy the annuity. At 6%, 10 lakh buys a pension of about 60,000 a year, or 5,000 a month. Rates differ by provider, by your age and by options such as a pension continuing for your spouse.
Part of the lump sum withdrawn at 60 is free of income tax, and the pension from the annuity is taxed as income in the year you receive it. The rules for the extra lump sum allowed from December 2025 may differ. Confirm the current rules for your tax year.
Rates and rules change; check the source before you rely on a figure.
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Also works as: National Pension Scheme Calculator.
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