National Pension System (NPS) Calculator 2026

Calculate monthly pension, 60% tax-free lump sum withdrawal at age 60, and Section 80CCD(1B) extra ₹50,000 tax deduction

Monthly NPS Contribution

₹

Quick Presets:

₹500₹1.50 L

Expected Annual Return (Equity + Debt)

5%18%

Time Period

Yrs

1 Yr45 Yrs

Your money becomes

6.3×

of what you put in over 30 years.

Final value₹2.28 Cr

Invested vs Interest

Total invested

₹36.00 L

Interest earned

₹1.92 Cr

Interest is 84.2% of final value

Year-by-year breakdown

Year	Contributed	Total contributed	Interest earned	Value
1	₹1.20 L	₹1.20 L	₹6,703	₹1.27 L
2	₹1.20 L	₹2.40 L	₹19,970	₹2.67 L
3	₹1.20 L	₹3.60 L	₹34,627	₹4.21 L
4	₹1.20 L	₹4.80 L	₹50,818	₹5.92 L
5	₹1.20 L	₹6.00 L	₹68,705	₹7.81 L
6	₹1.20 L	₹7.20 L	₹88,465	₹9.89 L
7	₹1.20 L	₹8.40 L	₹1.10 L	₹12.20 L
8	₹1.20 L	₹9.60 L	₹1.34 L	₹14.74 L
9	₹1.20 L	₹10.80 L	₹1.61 L	₹17.55 L
10	₹1.20 L	₹12.00 L	₹1.90 L	₹20.66 L
11	₹1.20 L	₹13.20 L	₹2.23 L	₹24.09 L
12	₹1.20 L	₹14.40 L	₹2.59 L	₹27.87 L
13	₹1.20 L	₹15.60 L	₹2.99 L	₹32.06 L
14	₹1.20 L	₹16.80 L	₹3.42 L	₹36.68 L
15	₹1.20 L	₹18.00 L	₹3.91 L	₹41.79 L
16	₹1.20 L	₹19.20 L	₹4.44 L	₹47.44 L
17	₹1.20 L	₹20.40 L	₹5.03 L	₹53.67 L
18	₹1.20 L	₹21.60 L	₹5.69 L	₹60.56 L
19	₹1.20 L	₹22.80 L	₹6.41 L	₹68.16 L
20	₹1.20 L	₹24.00 L	₹7.20 L	₹76.57 L
21	₹1.20 L	₹25.20 L	₹8.08 L	₹85.85 L
22	₹1.20 L	₹26.40 L	₹9.06 L	₹96.11 L
23	₹1.20 L	₹27.60 L	₹10.13 L	₹1.07 Cr
24	₹1.20 L	₹28.80 L	₹11.32 L	₹1.20 Cr
25	₹1.20 L	₹30.00 L	₹12.63 L	₹1.34 Cr
26	₹1.20 L	₹31.20 L	₹14.08 L	₹1.49 Cr
27	₹1.20 L	₹32.40 L	₹15.68 L	₹1.66 Cr
28	₹1.20 L	₹33.60 L	₹17.44 L	₹1.85 Cr
29	₹1.20 L	₹34.80 L	₹19.40 L	₹2.05 Cr
30	₹1.20 L	₹36.00 L	₹21.55 L	₹2.28 Cr

Growth over time

The gap between the two lines is the interest earned — and it widens every year.

Pension Architecture

The National Pension System (NPS) Architecture: Market Returns Meets Lifetime Pension

Regulated by PFRDA, the National Pension System (NPS) is a voluntary, defined-contribution retirement vehicle featuring the lowest fund management charges globally (under 0.09%). Capital is allocated across equities (Asset E), corporate debt (Asset C), and government bonds (Asset G).

Maturity Structure at Age 60

Upon reaching age 60: you can withdraw up to 60% of the accumulated corpus completely tax-free as a lump sum. The remaining 40% must be deployed into an annuity plan to generate lifelong monthly pension income.

Triple Tax Benefits

Deduct up to ₹1.5L under 80CCD(1), an exclusive ₹50,000 under 80CCD(1B), plus employer contributions under Section 80CCD(2) up to 14% of salary (tax-free under both regimes).

References

Sovereign & Pension Framework

National Pension System (NPS) FAQs

Clear statutory guidance on NPS Tier-1 and Tier-2 accounts.

What is the maximum equity exposure allowed in NPS Tier-1 accounts?

Under Active Choice, private sector subscribers can allocate up to 75% of their contributions into Equity (Asset Class E) up to age 50, after which equity exposure automatically tapers down by 2.5% per year.

Can I withdraw 100% of my NPS corpus if my total balance is small?

Yes. If your total accumulated NPS corpus at age 60 is ₹5 Lakhs or less, you are permitted to withdraw 100% of the corpus as a lump sum without purchasing a mandatory annuity.

Is monthly pension received from an annuity taxable?

Yes. While the 60% lump-sum withdrawal is 100% tax-free, the monthly pension annuity received from your chosen insurance company is taxable as regular income at your applicable slab rates.

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