NPS Calculator
Educational illustration of a non-government NPS normal exit at age 60: corpus growth, lump-sum vs annuity split, and an illustrative monthly payment — not a pension quote or tax calculation.
Corpus at 60
—
Lump-sum Allocation
—
Annuity Corpus
—
Illustrative Monthly Annuity
—
How the NPS calculator works
Enter a monthly contribution, current age, return assumption, and annuity portion. The model compounds opening-of-month contributions to age 60 and shows how a non-government normal-exit corpus could be split between lump sum and annuity under the scoped scenario. The corpus is not itself a pension; an annuity purchase is a separate step after exit.
Lump sum, annuity corpus, and illustrative pension
- Corpus at 60 is the projected balance from stated contributions and return — not spendable income.
- Lump-sum allocation is the portion that could be withdrawn under the scoped normal-exit case (up to 80% when annuity is at the 20% floor).
- Annuity corpus is the portion that would need to fund an annuity purchase (at least 20% for this scoped case).
- Illustrative monthly annuity is a simple maths illustration from your annuity-rate assumption. It is not a provider quote, not a pension promise, and not a recommendation on how to allocate the corpus.
Scope matters
Exit rules vary by sector, timing, corpus size, and other facts. This route deliberately excludes government-sector, UPS, NPS-Lite, premature exit, death, and small-corpus alternatives. Tax treatment is not calculated. Read the official source before making an exit decision.
Methodology and statutory scope
- Method version
nps-non-government-normal-exit-2025-v1- Class
- B / R3
- Jurisdiction
- IN
- Effective rule period
- 2026-07-20 onward
- Source status
- official sources verified 2026-08-25 by agent source verification at owner direction; constants unchanged; no qualified professional sign-off recorded
- Rounding
- Keep full precision through calculations; round displayed INR only.
- Review trigger
- PFRDA exit regulation, subscriber-sector, exit-age, or methodology change
- Rule as of
- 2026-08-25
- Review due
- 2027-07-20
- Rule verification state
- verified
Formula: Opening-of-month contribution future value to age 60; non-government normal-exit scenario allocation = selected annuity portion (minimum 20%) plus remaining lump-sum allocation; illustrative monthly annuity payment = annuity allocation × stated annual annuity assumption ÷ 12.
Educational boundary: General education only; not a pension quote, tax calculation, exit instruction, allocation recommendation or personalised advice.
Included: Non-government normal exit at age 60; opening-of-month contribution projection; at least 20% annuity allocation
Excluded: Government and NPS-Lite sectors; premature/death exits; small-corpus alternatives; actual annuity quotes and tax treatment
Official sources checked:
Manifest primary source: Exits and Withdrawals under the NPS Regulations, 2015 (last amended 20 July 2026)
- Only a non-government NPS normal-exit scenario at age 60; government-sector, NPS-Lite, premature exit, death and post-60 joiner rules are excluded.
- Small-corpus options and systematic payouts are not calculated.
- Market return and annuity rate are user assumptions, not forecasts or quotes; the monthly annuity figure is illustrative, not a pension quote.
- Tax treatment is not calculated.
Frequently Asked Questions
Is the NPS corpus itself a pension?
No. NPS builds a retirement corpus; a pension only begins if you use part of that corpus to buy an annuity from an eligible provider. This route separates corpus projection, lump-sum allocation, annuity corpus, and an illustrative monthly payment so those ideas are not conflated.
Which NPS exit case does this calculator cover?
Only a non-government normal exit at age 60. For that scoped case, the model uses at least 20% annuity allocation and up to 80% lump sum. Government-sector, UPS, NPS-Lite, premature exit, death, and small-corpus alternatives are excluded.
How should I read lump sum, annuity corpus, and illustrative monthly annuity?
Lump-sum allocation is the portion you could withdraw under the scoped normal-exit scenario. Annuity corpus is the portion that would need to be used to buy an annuity. The illustrative monthly annuity is a simple maths illustration from your annuity-rate assumption — not a provider quote, not a pension promise, and not a recommendation on how to split the corpus.
What return does the calculator assume?
The return is entirely your scenario input. NPS returns are market-linked, so the projection is not a forecast or an assurance of a result.
Does this calculator calculate NPS tax treatment?
No. It deliberately does not calculate deductions, exemptions, or the tax treatment of any exit allocation.
Is the monthly annuity figure a quote?
No. The displayed figure is a simple illustration from the selected annuity allocation and an assumed annual rate. Actual annuity terms come from an eligible provider and can differ materially.
Disclaimer: This calculator produces illustrative estimates only. Actual returns vary and, unless stated otherwise, results exclude expense ratios, exit loads, transaction costs, and taxes. Assumed rates are inputs, not forecasts or assured returns. This is educational content, not personalized investment advice — see our full disclaimer.