Estimate your National Pension System (Tier I) corpus at retirement, how much you can take as a lump sum under PFRDA's current exit rules, and the monthly pension your annuity could pay.
How to use the NPS calculator
- Choose all citizens / corporate or government employee, then enter your age, the age you plan to exit and your monthly contribution.
- Set the return you expect. Open the extra options for a yearly step-up and any balance you already have.
- Read the corpus, the lump sum, the annuity and the monthly pension. Leave the annuity share empty for the minimum, or enter a bigger share.
How it's worked out
Contributions go in at the start of each month and grow at the expected return ÷ 12 each month; with a step-up, the contribution rises at the start of each year. At exit, the PFRDA rules decide the smallest share that must buy an annuity: 20% (non-government) or 40% (government) at a normal exit, 80% at a premature exit, and nothing if the corpus is at or under the full-withdrawal limit. Monthly pension = annuity × annuity rate ÷ 12.
Worked example
₹5,000 a month from age 30 to 60 at 10% a year builds a corpus of about ₹1,13,96,627 from ₹18,00,000 of contributions. As an all-citizen subscriber you can take up to 80%, ₹91,17,301, as a lump sum; the other 20%, ₹22,79,325, buys an annuity that pays about ₹11,397 a month at a 6% annuity rate. A government employee with the same numbers would put at least ₹45,58,651 (40%) into the annuity.
Exit rules used (checked 7 October 2026)
| Exit | Government | All citizens / corporate |
|---|
| Normal (60, or 15 years for all citizens) | At least 40% annuity | At least 20% annuity |
| Corpus ₹8 lakh or less | Withdraw it all | Withdraw it all (₹12 lakh if you joined at 60 or later) |
| Corpus over ₹8 lakh, up to ₹12 lakh | Usual split, or ₹6 lakh lump sum and the rest by systematic unit redemption over at least 6 years |
| Premature exit | At least 80% annuity; withdraw it all if ₹5 lakh or less |
Sources: PFRDA (Exits and Withdrawals under the National Pension System) (Amendment) Regulations, 2025, Gazette of India, December 2025, and PFRDA's press release of 19 December 2025; NPS Trust normal and premature exit pages. An estimate, not financial advice.
Frequently asked questions
How much of my NPS corpus can I take as a lump sum at 60?
Under the exit rules PFRDA amended in December 2025: all-citizen and corporate subscribers can take up to 80% and must use at least 20% for an annuity; government employees can take up to 60% and must use at least 40%. If the corpus is ₹8 lakh or less you can withdraw all of it. Between ₹8 lakh and ₹12 lakh you can also take ₹6 lakh as a lump sum and the rest by systematic unit redemption over at least 6 years.
What changed in December 2025?
The PFRDA (Exits and Withdrawals under the NPS) (Amendment) Regulations, 2025 cut the minimum annuity for non-government subscribers from 40% to 20%, raised the full-withdrawal limit to ₹8 lakh (₹5 lakh for a premature exit), added the ₹8–12 lakh option, and let subscribers stay in NPS until 85. This calculator uses the amended rules.
Can I leave NPS before 60?
Yes, but it's a premature exit unless you're an all-citizen subscriber with 15 years in NPS: at least 80% of the corpus must then buy an annuity, unless it's ₹5 lakh or less. Government employees who resign before superannuation follow the same 80% rule.
What return should I assume?
NPS returns depend on how your scheme splits money between equity, corporate bonds and government bonds, and they aren't guaranteed. Look at your pension fund's published returns for your scheme, and try a lower figure too to see the range.
How is the monthly pension worked out?
The annuity amount multiplied by the annuity rate, divided by 12. Annuity rates come from the insurer you buy from and depend on your age and the option you choose, for example with or without return of the purchase price, so enter the rate you've been quoted.
Is the NPS lump sum taxed?
The NPS Trust says up to 60% of the corpus taken as a lump sum is tax-free, while the pension from the annuity is taxed as income. With the lump sum now allowed up to 80% for non-government subscribers, check how anything above 60% is taxed before you withdraw.
