NPS Pension Calculator · WealthJot.ai

👴 NPS Pension Calculator

Project your NPS corpus at 60, the tax-free lump sum, and your monthly pension

NPS Pension: corpus at 60 grows to ₹1.14 Cr, based on the entered inputs.

₹1,13,96,627

₹1,13,96,627 corpus at 60 from ₹18.00 L

Monthly Contribution₹5,000

Current Age30

Expected Return (p.a.)10%

Annuity Rate (p.a.)6%

% of Corpus to Annuity40%

Monthly Pension

₹22,793

Lump Sum at 60

₹68,37,976

Total Invested

₹18,00,000

Save this calculation — sign up free to keep it and track it against your real plan.

Formula

Annuity Corpus = Total NPS Corpus × Annuity %; Monthly Pension = Annuity Corpus × Annuity Rate ÷ 12

Worked example

Input	Value
Monthly Contribution	₹5,000
Current Age	30 yrs
Expected Return (p.a.)	10%
Annuity Rate (p.a.)	6%
% of Corpus to Annuity	40%
Corpus at 60	₹1,13,96,627
Monthly Pension	₹22,793
Lump Sum at 60	₹68,37,976
Total Invested	₹18,00,000

From contribution to corpus to pension

This calculator runs the full NPS journey: monthly contributions compound to a corpus at 60, up to 60% exits as a tax-free lump sum, and the rest (minimum 40%) buys an annuity whose rate sets your monthly pension. The pension — not the corpus — is the number to judge, because it’s what retirement actually pays you.

Example₹15,000/month from 32 to 60 at 10% builds ~₹2.7 crore. Split at exit: ~₹1.6 crore tax-free in hand, ~₹1.1 crore into an annuity at ~6% → ₹55,000/month, taxable at slab and typically flat for life — worth half its purchasing power ~12 years into retirement at 6% inflation. Model the pension in future groceries, not future rupees.

Common mistakeAnnuitising the minimum 40% by default and assuming the lump sum will take care of itself. The tax-free 60% still has to become income — an SWP plan, SCSS, deposits — and sequencing matters. Decide the whole retirement paycheck (annuity floor + SWP growth layer) before 60, not at the exit counter.

✓ You learnedNPS pays out in two parts: a tax-free lump sum (up to 60%) and a compulsory annuity (40%+) taxed at slab. Judge your plan by the combined monthly income it produces against inflated future expenses — and plan the lump sum’s deployment as carefully as the accumulation.

FAQs

Can I increase my pension percentage at exit?

Yes — 40% annuitisation is the floor, not the ceiling; you may annuitise up to 100% of the corpus. More annuity = more guaranteed lifetime income but less flexible capital and more slab-taxed cash flow. Most planners keep the annuity near the minimum and build the income layer from the tax-free lump sum via SWP/SCSS, which taxes more gently.