NPS calculator
See what your NPS contributions grow to, how much of it you can take as a lump sum under the exit rules in force since December 2025, how much of that is tax-free, and the monthly pension the annuity part buys.
NPS withdrawal rules at 60
The PFRDA changed the exit rules in December 2025. What you can take out now depends on the size of the corpus and on whether you are a government employee.
| Corpus at exit | Private sector and individuals | Government employees |
|---|---|---|
| Up to ₹8,00,000 | All of it as a lump sum | All of it as a lump sum |
| ₹8,00,000 to ₹12,00,000 | Up to ₹6,00,000 lump sum; the rest through SUR (at least 6 years) or an annuity | Up to ₹6,00,000 lump sum; the rest through SUR or an annuity |
| Above ₹12,00,000 | Up to 80% lump sum, at least 20% annuity | Up to 60% lump sum, at least 40% annuity |
Only 60% of the corpus is tax-free when you withdraw it. A private-sector subscriber who takes the full 80% pays tax at the slab rate on the extra 20%. The pension from the annuity is also taxed as income.
What ₹5,000 a month in NPS can become
Starting at 30 with ₹5,000 a month, raised by 5% every year, and an assumed 10% return, the corpus at 60 is about ₹1,79,65,105. A private-sector subscriber could take ₹1,43,72,084 as a lump sum, of which ₹1,07,79,063 is tax-free, and buy an annuity with ₹35,93,021. At an assumed 6% annuity rate, that pays about ₹17,965 a month before tax.
| Start age | Monthly contribution | You contribute | Corpus at 60 | Max lump sum (private sector) | Pension from 20% annuity |
|---|---|---|---|---|---|
| 25 | ₹5,000 | ₹54,19,218 | ₹3,14,04,875 | ₹2,51,23,900 | ₹31,405 |
| 30 | ₹5,000 | ₹39,86,331 | ₹1,79,65,105 | ₹1,43,72,084 | ₹17,965 |
| 30 | ₹10,000 | ₹79,72,662 | ₹3,59,30,210 | ₹2,87,44,168 | ₹35,930 |
| 35 | ₹10,000 | ₹57,27,252 | ₹2,00,79,082 | ₹1,60,63,265 | ₹20,079 |
| 40 | ₹15,000 | ₹59,51,872 | ₹1,62,38,550 | ₹1,29,90,840 | ₹16,239 |
| 45 | ₹20,000 | ₹51,78,855 | ₹1,09,99,862 | ₹87,99,889 | ₹11,000 |
Assumes contributions at the start of each month, raised by 5% a year, an 10% yearly return and a 6% annuity rate. These are assumptions for illustration, not forecasts.
NPS or the alternatives
NPS returns move with the markets; PPF pays a fixed, tax-free rate set every quarter. Compare with the PPF calculator, plan the total you need with the FIRE calculator, and see how long a corpus lasts as monthly income with the SWP calculator. If you are weighing the tax regimes, NPS deductions differ between them; the old vs new tax calculator shows both.
Questions people ask
How much NPS lump sum can I withdraw at 60?
It depends on the size of your corpus. Up to ₹8 lakh, you can take all of it. Between ₹8 lakh and ₹12 lakh, up to ₹6 lakh as a lump sum and the rest through systematic unit redemption over at least six years, or an annuity. Above ₹12 lakh, non-government subscribers can take up to 80% and must annuitise at least 20%; government subscribers can take up to 60% and must annuitise at least 40%. These rules came in with the PFRDA exit amendment of December 2025.
Is the NPS lump sum tax-free?
Only 60% of the corpus is tax-free when withdrawn. If a non-government subscriber takes the full 80%, the extra 20% is added to income and taxed at the slab rate, unless the tax law changes. The calculator shows this split.
How much pension will I get from NPS?
The pension comes from the annuity you buy with the annuitised part of the corpus. It equals the annuity amount times the annuity rate, divided by 12. Annuity rates depend on the insurer, the plan and your age at purchase; enter the rate you are quoted. The pension is taxable as income.
What return should I assume?
NPS returns depend on how much you hold in equity, corporate bonds and government securities, and on the fund manager. No return is guaranteed. Try a few rates to see the range. The default in the calculator is an assumption, not a forecast.
Can I stay invested after 60?
Yes. Under the 2025 amendment, subscribers can defer the lump sum and the annuity purchase and stay invested up to age 85. Enter a later retirement age to see the effect.
Sources: PIB (Ministry of Finance): Key amendments in PFRDA (Exits and Withdrawals under the NPS) Regulations, 19 Dec 2025; PFRDA press release: key changes to the Exit Regulations, 19 Dec 2025; PFRDA (Exits and Withdrawals under the NPS) Regulations, 2015, as amended on 16 Dec 2025; Upstox: only 60% of the withdrawal is tax-free (tax treatment).