Map your NPS retirement income
Separate your projected savings from an illustrative pension payment.
How the corpus could grow
| Year | Put in so far | Projected corpus |
|---|
How we calculate this
Saving years: a monthly plan, contribution at each month end, at your expected return Annuity part = corpus × your annuity share; lump sum = corpus − annuity part Illustrative pension = annuity part × annuity rate ÷ 12 (not an insurer's quote) Normal exit rules (PFRDA, as amended Dec 2025), joined before 60: corpus above ₹12 lakh: at least 20% to an annuity (40% for government sector) ₹8–12 lakh: take up to ₹6 lakh as a lump sum and the rest as an annuity, or the standard split up to ₹8 lakh: the annuity is optional
Calculation version 0.3 · The band is decided by your real corpus on the day you ask to exit. Sources: PFRDA press release, 19 Dec 2025; NPS Trust: normal exit, checked 7 Oct 2026. Premature exit, NPS Lite, staged withdrawals and the Unified Pension Scheme (UPS) aren't covered.
Related: SIP calculator · PPF calculator · Withdrawing your PF
How to read your NPS projection
NPS (National Pension System) is a retirement savings account. This tool works in two steps. First it projects your corpus (the total in your account at exit). Then it shows how that corpus could be split, and what pension the annuity part might pay.
What the numbers mean
Projected corpus at exit is what your current balance and monthly contributions could grow to at the return you expect. NPS returns depend on the markets, so this is a scenario, not a forecast.
Lump sum is the part you take out as cash at exit. Goes to an annuity is the part used to buy an annuity: a plan that pays you a regular pension. The small line says the minimum share the rules ask for at that corpus, or that the annuity is optional.
Illustrative pension is the annuity part × your annuity rate ÷ 12, before tax. The annuity rate is separate from your expected return. It is an example, not a quote from any provider. Real annuity income depends on the provider and payout option you choose.
How the official rules work
The tool covers normal exit for people who joined NPS before 60. In the All Citizen model, normal exit comes after 15 years in NPS or at 60, whichever is earlier. Corporate subscribers (through an employer) exit at retirement. Under the PFRDA exit regulations as amended in December 2025, the split depends on your corpus:
| Corpus at exit | All Citizen and corporate | Government sector |
|---|---|---|
| Above ₹12 lakh | at least 20% to an annuity | at least 40% to an annuity |
| Over ₹8 lakh, up to ₹12 lakh | up to ₹6 lakh as a lump sum and the rest as an annuity or staged withdrawals over at least 6 years, or the standard split above | same choice, with 40% as the standard minimum |
| Up to ₹8 lakh | annuity optional | annuity optional |
The band is decided by your real corpus on the day you ask to exit, not by this projection. Near ₹8 lakh or ₹12 lakh, the tool warns you that real returns could put you in a different band.
Sources: PFRDA press release on the exit rule changes, 19 Dec 2025; NPS Trust: normal exit. Checked 7 Oct 2026.
Worked example
Here is only the split at exit, for a fictional corpus of ₹10,00,000 with a 40% annuity share and a 6% annuity rate:
| Result | Value |
|---|---|
| Goes to an annuity | ₹4,00,000 |
| Lump sum | ₹6,00,000 |
| Illustrative pension | ₹2,000 a month |
The 40% is only a choice for this example, not the rule for everyone. For a non-government corpus of ₹10 lakh, the rules allow two routes: up to ₹6 lakh as a lump sum (which is exactly this 40% case), or the standard split with at least 20% in an annuity. To repeat it on the page, enter a balance of ₹10,00,000, a monthly contribution of 0 and a 0% return.
Now take a corpus of ₹25,00,000 at the same 6%. A non-government subscriber must put at least ₹5,00,000 into an annuity, which pays about ₹2,500 a month, and can take up to ₹20,00,000 as a lump sum. In the government sector, the minimum annuity is ₹10,00,000 and the lump sum is up to ₹15,00,000.
What this tool doesn’t do
It doesn’t cover premature exit, exit after joining at 60 or later, death, NPS Lite, partial withdrawals or the Unified Pension Scheme (UPS). It shows the annuity path only, not staged withdrawals. It counts in whole years from your age today. It doesn’t work out tax on the lump sum or the pension.
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Frequently asked questions
How much of my NPS money can I take as a lump sum?
It depends on your corpus (total balance) on the day you ask to exit. Above ₹12 lakh, All Citizen and corporate subscribers can take up to 80% and must buy an annuity with at least 20%. In the government sector it is up to 60%, with at least 40% for the annuity. Over ₹8 lakh and up to ₹12 lakh, you can take up to ₹6 lakh or use the standard split. Up to ₹8 lakh, the annuity is optional.
What is an annuity in NPS?
An annuity is a plan you buy with part of your NPS corpus. In return, it pays you a regular pension. How much you get depends on the provider and the payout option you choose. The calculator's annuity rate is only an example, not a quote. At 6%, ₹4,00,000 in an annuity gives an illustrative ₹2,000 a month, before tax.
Is 40% of my NPS still compulsory for an annuity?
Not for everyone. Under the PFRDA exit rules amended in December 2025, the minimum for All Citizen and corporate subscribers with more than ₹12 lakh is 20%. The 40% minimum applies to the government sector above ₹12 lakh. Smaller corpus amounts have more choice. If you see 40% in our example, it is only a sample choice, not a rule.
When can I exit NPS normally?
In the All Citizen model, normal exit comes after 15 years in NPS or at age 60, whichever is earlier. Corporate subscribers exit when they retire. You can stay in until 85. The calculator treats leaving before 60 with less than 15 years as a premature exit, which has different rules, so it shows no result for that.
Does this calculator cover UPS?
No. The Unified Pension Scheme (UPS) has its own PFRDA regulations and its own payout rules, so this model doesn't fit it. The calculator also doesn't cover premature exit, exit after joining at 60 or later, NPS Lite or partial withdrawals. For UPS, check with your employer or NPS Trust.
Why might my real NPS corpus differ from the projection?
NPS money is invested, so returns go up and down with the markets. The calculator holds the return you type in steady every year, but real returns change from year to year. Your contributions may change too. The exit rules use your real corpus on the exit-request date, so a projection near ₹8 lakh or ₹12 lakh could land in a different band.