About you
The kind of NPS account you hold, your age, and when you plan to retire.
What you put in
Your contribution each month, your employer's, and anything already in the account.
Five thousand
Zero
Leave at 0 if you do not have corporate NPS.
How much both contributions rise each year, as your pay does. Set 0 to keep them the same.
Zero
Leave at 0 if you are starting now.
Growth and prices
The return you expect until you retire, and how fast prices rise meanwhile.
Per year, before you retire. It depends on how much of your NPS is in equity, and past returns do not guarantee future ones.
Used only for the figures in today's money: what the amounts would buy at today's prices.
When you retire
Part of what you built is taken in hand. The rest buys an annuity, which pays your pension every month for life. Results are before tax; the NPS tax rules are set out under the calculator.
What the insurer pays a year on the part that is kept. It depends on the insurer, your age and the plan you pick.
Your result
Fill in the fields to see your pension.
Your pension every month
₹17,977
from age 60, for life · plus ₹1.33 Crs in your hand
₹5,000 a month, rising 5% a year, for 30 years at 10% builds ₹1.66 Crs by 60, 4.16 times what you put in. You take ₹1.33 Crs in your hand and ₹33.19 Lakhs is kept, which at 6.5% pays ₹17,977 every month. At 6% inflation that pension buys what ₹3,130 a month does today.
At 60 you have ₹1.66 Crs. You take ₹1.33 Crs in your hand and ₹33.19 Lakhs is kept, which pays you ₹17,977 every month for life.
| Figure | Value |
|---|---|
| You have at 60 | ₹1.66 Crs |
| In your hand, tax-free | ₹99.56 Lakhs |
| Taxed at your slab | ₹33.19 Lakhs |
| Kept for pension | ₹33.19 Lakhs |
| Pension every month | ₹17,977 |
- You put in
- ₹39.86 Lakhs
- It grew by
- ₹1.26 Crs
- You have at 60
- ₹1.66 Crs
- That, in today's money
- ₹28.89 Lakhs
- Tax-free in your hand
- ₹99.56 Lakhs₹33.19 Lakhs more is taxed
- Pension, in today's money
- ₹3,130a month
How this is worked outShowHide
- Contributions
- at the start of each month
- Yearly increase
- once a year, on both contributions
- Monthly rate used
- compounds to the yearly figure
- Returns
- steady, year on year
- Pension
- the same every month, for life
- Today's money
- divided by inflation to retirement
- Tax
- not deducted
Pension a month = the amount kept × the annuity rate ÷ 12. Today's value = the future amount ÷ (1 + inflation) for every year until you retire. Up to 60% of what you have at retirement can be taken in hand tax-free; anything taken above that is taxed at your slab, and so is the pension as you receive it. A steady return is an illustration, not a forecast, and annuity rates change.
Illustrative only, not advice. Nothing you enter is stored.
Year by year, until you retireShowHide
How the account builds while you are paying in. Your age is at the end of each year.
| Your age | Paid in this year | Paid in so far | Worth at the end |
|---|---|---|---|
| 31 | ₹60,000 | ₹60,000 | ₹63,203 |
| 32 | ₹63,000 | ₹1,23,000 | ₹1,35,886 |
| 33 | ₹66,150 | ₹1,89,150 | ₹2,19,155 |
| 34 | ₹69,458 | ₹2,58,608 | ₹3,14,236 |
| 35 | ₹72,930 | ₹3,31,538 | ₹4,22,483 |
| 36 | ₹76,577 | ₹4,08,115 | ₹5,45,395 |
| 37 | ₹80,406 | ₹4,88,521 | ₹6,84,633 |
| 38 | ₹84,426 | ₹5,72,947 | ₹8,42,028 |
| 39 | ₹88,647 | ₹6,61,594 | ₹10,19,610 |
| 40 | ₹93,080 | ₹7,54,674 | ₹12,19,619 |
| 41 | ₹97,734 | ₹8,52,408 | ₹14,44,532 |
| 42 | ₹1,02,620 | ₹9,55,028 | ₹16,97,083 |
| 43 | ₹1,07,751 | ₹10,62,779 | ₹19,80,294 |
| 44 | ₹1,13,139 | ₹11,75,918 | ₹22,97,502 |
| 45 | ₹1,18,796 | ₹12,94,714 | ₹26,52,389 |
| 46 | ₹1,24,736 | ₹14,19,450 | ₹30,49,022 |
| 47 | ₹1,30,972 | ₹15,50,422 | ₹34,91,888 |
| 48 | ₹1,37,521 | ₹16,87,943 | ₹39,85,938 |
| 49 | ₹1,44,397 | ₹18,32,340 | ₹45,36,637 |
| 50 | ₹1,51,617 | ₹19,83,957 | ₹51,50,010 |
| 51 | ₹1,59,198 | ₹21,43,155 | ₹58,32,707 |
| 52 | ₹1,67,158 | ₹23,10,313 | ₹65,92,058 |
| 53 | ₹1,75,516 | ₹24,85,829 | ₹74,36,148 |
| 54 | ₹1,84,291 | ₹26,70,120 | ₹83,73,891 |
| 55 | ₹1,93,506 | ₹28,63,626 | ₹94,15,115 |
| 56 | ₹2,03,181 | ₹30,66,807 | ₹1,05,70,654 |
| 57 | ₹2,13,340 | ₹32,80,147 | ₹1,18,52,447 |
| 58 | ₹2,24,007 | ₹35,04,154 | ₹1,32,73,656 |
| 59 | ₹2,35,208 | ₹37,39,362 | ₹1,48,48,784 |
| 60 | ₹2,46,968 | ₹39,86,330 | ₹1,65,93,814 |
Before you rely on these numbers
- This is an illustrative tool, not investment advice and not a recommendation to open or contribute to any account.
- Every figure is a projection built on the assumptions shown, which you can change. NPS is market-linked: actual returns vary and can be negative, and nothing here is guaranteed.
- The pension depends on the annuity rate on the day you retire, which is set by the insurer and changes. The rate you enter is your own assumption.
- The rules on how much can be taken in hand, how much must buy the pension and how each is taxed are set by PFRDA and the Income-tax Act and can change. Check the current rules before you rely on these numbers.
- Figures are before tax and charges, and assume every contribution is made on time.
- Nothing you type is sent anywhere. The calculation runs entirely in your browser and nothing is stored.
What is NPS?
The National Pension System (NPS) is a retirement savings scheme run under a government regulator. You pay in while you work, and the money is invested in a mix of equity, corporate bonds and government securities. When you retire, part of what you built is paid to you in one go, and the rest is used to buy an annuity, which pays you a pension every month for the rest of your life. That monthly pension is what NPS is for: an income to lean on in old age.
How to use the NPS pension calculator
- Say who you are. Pick your subscriber type (All Citizen / Corporate, or Government), your age today and the age you will retire (60 to 75).
- Enter what you put in. Add your monthly contribution, your employer's if you have corporate NPS, how much both rise each year, and anything already in your account.
- Set the return and inflation. Choose the yearly return you expect until you retire (6% to 14%) and the inflation you expect over those years.
- Choose how you split it. Set the share of what you build that buys the annuity (20% gives 80 : 20, 40% gives 60 : 40, 100% puts all of it into the pension), and enter the annuity rate you expect an insurer to pay.
You will see the pension paid every month, the amount you take in hand and how much of it is tax-free, what you put in against what it grew by, the same figures in today's money, and a pension passbook that shows the split and the monthly credits. A year-by-year table sits under the calculator.
How you can split it at retirement
All Citizen and Corporate subscribers must use at least 20% of what they have built to buy the annuity, so they can take up to 80% in hand. Government subscribers must use at least 40%, so they can take up to 60% in hand. Anyone may keep more for the pension, up to all of it.
60 : 40. You take 60% in hand and 40% buys the pension. The whole 60% is tax-free.
80 : 20. You take 80% in hand and 20% buys the pension. This is not open to government subscribers. Only 60% of what you built is tax-free; the other 20% you take is added to your income and taxed.
100% pension. You take nothing in hand and all of it buys the pension. This gives the largest monthly income.
The more you take in hand at retirement, the smaller your monthly pension. If what you have built is ₹8 lakh or less, you may also withdraw all of it and buy no pension at all.
How is the NPS pension calculated?
While you workEach month: balance = (balance + contributions) × (1 + monthly rate)
When you retirePension a month = amount kept × annuity rate ÷ 12
In today's moneyToday's value = future value ÷ (1 + inflation)^years
The monthly rate is the one that compounds to the yearly return you entered, and each contribution, yours and your employer's, goes in at the start of its month. Both rise by the yearly increase once a year. The amount kept is the share of your total that buys the annuity. Figures in today's money are divided by inflation over the years until you retire, so you can compare them with what things cost now.
Worked example: ₹5,000 a month, rising 5% a year, from age 30 to 60 at 10% a year builds ₹1,65,93,814. You put in ₹39,86,330 and it grows by ₹1,26,07,484. With 80 : 20 you take ₹1,32,75,051 in hand and ₹33,18,763 is kept, which at a 6.5% annuity rate pays ₹17,977 every month. With 60 : 40 you take ₹99,56,288 and the pension is ₹35,953 a month. With 100% pension it is ₹89,883 a month. At 6% inflation, ₹1,65,93,814 in 30 years buys what ₹28,89,151 does today, and a pension of ₹17,977 buys what ₹3,130 a month does today.
NPS tax rules
The calculator shows every figure before tax. These are the rules that decide what you keep.
Your own contribution: in the old tax regime you can deduct up to 10% of your basic pay plus dearness allowance (20% of gross income if you are self-employed) under Section 80CCD(1), inside the overall ₹1.5 lakh limit. This deduction is not available in the new regime.
Your extra contribution: in the old regime a further ₹50,000 a year can be deducted under Section 80CCD(1B). This is not available in the new regime.
Your employer's contribution: deductible under Section 80CCD(2) in both regimes, up to 14% of basic pay plus dearness allowance in the new regime, and up to 10% in the old regime (14% for government employees). Employer contributions to NPS, EPF and superannuation together above ₹7.5 lakh a year are taxed as a perk.
The amount you take in hand at retirement: tax-free up to 60% of what you have built. Anything you take above that is taxed at your slab rate.
The amount that buys the annuity is not taxed when you buy it. The monthly pension it pays is taxed as income at your slab rate.
The Income-tax Act, 2025 replaced the 1961 Act from 1 April 2026 and renumbered these sections; the section numbers above are the 1961 Act's.
NPS Pension Calculator FAQs
NPS Pension Calculator
It depends on what you need more: money in hand at retirement, or income every month. Taking more in hand leaves less to pay the pension, so the monthly amount falls. Government employees must keep at least 40% for the pension. Everyone else must keep at least 20%. Anyone can choose to keep more, up to all of it. Choose your subscriber type, then move the annuity share in the calculator to see what it does to your pension.
Only if it is small. If what you have built is ₹8 lakh or less, you can withdraw all of it and buy no pension. Above that, part of it must buy the pension: at least 40% for government employees and at least 20% for everyone else.
Up to 60% of what you have at retirement is tax-free. If you take more than that, which the 80 : 20 option allows, the extra is added to your income and taxed at your slab rate. The calculator shows the tax-free part and the taxed part separately.
Yes. The pension is added to your income in the year you receive it and taxed at your slab rate. The calculator shows the pension before tax, so what reaches you may be lower if your income in retirement is taxable.
It depends on how much of your NPS is in equity (opens in new tab). Over long periods, equity-heavy NPS choices have returned more than those held mostly in government bonds, with more ups and downs along the way. A cautious figure is a sensible place to start for a long horizon. Try a lower and a higher return to see the range, since past returns do not guarantee future ones.
It is the annuity rate: what an insurer pays you each year on the amount you hand over, for life. It depends on the insurer, your age when you buy it and the plan you pick. A plan that returns the purchase amount to your family pays less than one that stops with you. Rates change, so get current quotes before you retire and enter what you are offered.
Usually not. Most annuities pay the same amount every month for life, so its buying power falls as prices rise. At 6% inflation (opens in new tab), prices roughly double in 12 years. When you look at the pension figure, look at the figure in today's money too: it shows what the pension would buy at today's prices on the day you retire.
It is the same amount with the rise in prices taken out. A rupee at retirement buys less than a rupee does now, so the calculator divides the future figure by the inflation you entered for every year until you retire. Use the today's-money pension to judge whether it would cover your monthly spending.
It is how much your contribution, and your employer's, rises once a year, as it does when your pay goes up. At 5%, a ₹5,000 contribution becomes ₹5,250 in the second year and keeps rising. Set it to 0 to keep the amount the same every year.
Yes, if you have corporate or government NPS. Your employer's contribution goes into the same account and builds the same pension, so enter it separately. Leave it at 0 if you contribute on your own.
For many people it is one part of the plan, not all of it. Compare the pension shown here with what you expect to spend each month in retirement. Our retirement calculator (opens in new tab) works out how much you need in total, and a SIP (opens in new tab) in mutual funds is one way people build the rest.
PPF (opens in new tab) and EPF (opens in new tab) pay a rate set by the government and return your whole balance to you. NPS is invested in markets, so its return is not fixed, and part of it must buy a pension when you retire. NPS can grow more over a long period, and it guarantees you a monthly income for life, but you cannot take all of it in hand.
Yes. You can keep contributing and stay invested up to the age of 75, and retire at any point in between. Move the retirement age in the calculator to see what the extra years do to your pension.
Most calculators enter a 10% yearly return as 0.833% a month, which quietly compounds to about 10.47% a year. This one uses the monthly rate that compounds to exactly the yearly figure you enter, so 10% means 10%. For a level contribution over 30 years that makes the total about 9% lower than the usual figure, and the pension with it.
No. Nothing you enter in this NPS pension calculator is stored.
Still have questions? Write to us at help@time.money
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