# NPS Calculator 2026: Corpus, Lump Sum and Monthly Pension > NPS calculator for 2026: project your National Pension System corpus at 60, the tax-free lump sum, the annuity you must buy and an estimated pension. Source: https://trykosh.com/tools/nps-calculator Free tool - Government schemes # NPS calculator: pension and lump sum at retirement Estimate what your National Pension System account could grow to, how it splits between lump sum and annuity at exit, and the monthly pension the annuity might pay. Returns and annuity rates are your assumptions. Rules checked 25 October 2026Free - no sign-upRuns in your browser NPS corpus at exit INR 3,59,30,210 At 60, in 30 years at an assumed 10% - INR 3.59 crore Lump sum above 60% of the corpus: PFRDA allows up to 80% for non-government subscribers, but the income-tax exemption was written for 60%. Check how the extra part is taxed before you withdraw it. Lump sum**INR 2,87,44,168** Annuity purchase**INR 71,86,042** Monthly pension (est.)**INR 38,924** Contributions **INR 79,72,662**Growth **INR 2,79,57,549** Total you contribute INR 79,72,662 Corpus at exit INR 3,59,30,210 Annuity (20%) INR 71,86,042 Lump sum (80%) INR 2,87,44,168 Tax-free part of lump sum (up to 60% of corpus) INR 2,15,58,126 Lump sum above 60% (check tax treatment) INR 71,86,042 Pension at 6.5% a year, taxable at slab INR 38,924/month Contribution and corpus by year Year Monthly contribution Corpus 3 (age 33) INR 11,025 INR 4,41,286 6 (age 36) INR 12,763 INR 11,05,776 9 (age 39) INR 14,775 INR 20,82,153 12 (age 42) INR 17,103 INR 34,91,699 15 (age 45) INR 19,799 INR 54,99,931 18 (age 48) INR 22,920 INR 83,32,308 21 (age 51) INR 26,533 INR 1,22,95,473 24 (age 54) INR 30,715 INR 1,78,05,938 27 (age 57) INR 35,557 INR 2,54,28,832 30 (age 60) INR 41,161 INR 3,59,30,210 Returns are an assumption, not a promise. Pension is taxed as income; the 60% lump sum is tax-free. ## Upload your statement and Kosh does this for you. Upload your statements and Kosh keeps your PPF, EPF, NPS and deposits in one view, with reminders before every deposit and maturity date. [Start free](/signup?via=tool-nps-calculator) ## How the NPS calculator works Enter your monthly contribution, how much you'll raise it each year, and an expected return. NPS returns depend on your mix of equity, corporate bonds and government securities, and on markets, so the 10% default is only an illustration. The calculator compounds each monthly contribution until your exit age. At normal exit (60 or later) part of the corpus must buy an annuity from an insurer, which pays you a pension for life. Under PFRDA's exit rules revised in December 2025, non-government subscribers (corporate and individual accounts) must put at least 20% into an annuity and can take up to 80% as a lump sum; government employees still need at least 40% in an annuity. Set the annuity share field to what you plan to choose. The monthly pension is the annuity amount x the annuity rate / 12. Annuity rates vary by insurer, your age and the type you choose (with or without return of purchase price, joint life), so the rate is an input too. Tax: the lump sum up to 60% of the corpus is tax-free. The pension from the annuity is taxed as income at your slab. Contributions get deductions under 80CCD(1) and an extra INR 50,000 under 80CCD(1B) in the old regime, and employer contributions under 80CCD(2) in both regimes. Pension per month = corpus x annuity share x annuity rate / 12 Corpus monthly contributions compounded at your assumed return Tax-free lump sum up to 60% of corpus ## Worked example: Divya, 40, starts NPS with INR 15,000 a month Divya, 40, a lecturer in Dehradun, already has INR 3 lakh in NPS and adds INR 15,000 a month without increasing it. Assuming a 9% return, her corpus at 60 would be about INR 1.19 crore. She chooses to take 60%, about INR 71.38 lakh, the share that's clearly tax-free, as a lump sum, and to use INR 47.58 lakh to buy an annuity. At an assumed 6.5% annuity rate, that pays about INR 25,775 a month, taxable at her slab. NPS corpus at exit INR 1,18,96,186 At 60, in 20 years at an assumed 9% - INR 1.19 crore Lump sum**INR 71,37,711** Annuity purchase**INR 47,58,474** Monthly pension (est.)**INR 25,775** Contributions **INR 39,00,000**Growth **INR 79,96,186** Total you contribute INR 39,00,000 Corpus at exit INR 1,18,96,186 Annuity (40%) INR 47,58,474 Lump sum (60%) INR 71,37,711 Tax-free part of lump sum (up to 60% of corpus) INR 71,37,711 Pension at 6.5% a year, taxable at slab INR 25,775/month Returns are an assumption, not a promise. Pension is taxed as income; the 60% lump sum is tax-free. [Load this example into the calculator ->](?age=40&monthly=15000&stepUp=0¤t=300000&ret=9&annuityPct=40#calculator) ## Good to know - If your corpus at exit is INR 8 lakh or less, you can withdraw all of it without buying an annuity. Between INR 8 lakh and INR 12 lakh, up to INR 6 lakh can come out as a lump sum and the rest through systematic withdrawals or an annuity. - You can defer the lump sum or annuity purchase, or keep the account invested up to age 75 or beyond under newer rules, which can help if markets are down at 60. - Exiting before 60 is stricter: generally at least 80% must buy an annuity. - The INR 50,000 80CCD(1B) deduction is available only in the old regime. In the new regime, only the employer's contribution (up to 14% of basic) is deductible. ## Frequently asked questions How much pension will I get from NPS? It depends on your corpus, the share used for an annuity and the annuity rate. As a rough guide, every INR 10 lakh in an annuity at 6.5% pays about INR 5,400 a month before tax. Use the calculator with your own assumptions. Is the NPS lump sum at 60 tax-free? Up to 60% of the corpus is tax-free. PFRDA now lets non-government subscribers withdraw up to 80%, but the tax exemption was written for 60%, so check how anything above that is taxed. The annuity purchase isn't taxed; the pension it pays is taxable at your slab. Can I withdraw 100% of NPS at 60? Only if your corpus is INR 8 lakh or less. Otherwise non-government subscribers must buy an annuity with at least 20% of the corpus (up to 80% can be a lump sum), and government employees with at least 40%. What return does NPS give? There's no guaranteed return. Equity-heavy NPS schemes have historically delivered higher long-term returns than the government-bond schemes, with more ups and downs. Past returns don't predict future ones, which is why the calculator treats the return as your assumption. Is NPS better than EPF or PPF? They do different jobs. EPF and PPF give fixed, declared rates and a fully tax-free payout; NPS is market-linked and part of it must buy a taxable annuity. Kosh doesn't recommend products; compare the projections in each calculator. ## Sources and assumptions - [PFRDA (NPS)](https://www.pfrda.org.in/) Rules and rates last checked on 25 October 2026. Results are estimates for planning and education, not tax, legal or investment advice. Kosh is an educational financial planning tool by Primedepth Labs. It is not a SEBI-registered investment adviser and does not offer personalised investment advice, hold your money or execute trades. Markets carry risk; read scheme documents carefully and consult a registered adviser before acting.