Reviewed by Artha Research·Last updated 13 April 2026
NPS Calculator
See what your NPS corpus will look like at retirement — including the mandatory annuity split and tax-free lump-sum withdrawal.
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Project your NPS corpus at retirement with the mandatory annuity split.
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Lump-sum at retirement
₹68.4L
NPS builds a larger retirement corpus
NPS lump-sum withdrawal is ₹6.6L more than PPF maturity. NPS also provides annuity income.
NPS wins on corpus but locks 40% in annuity. Consider your liquidity needs.
NPS total corpus
₹1.1Cr
NPS lump-sum
₹68.4L
NPS annuity portion
₹45.6L
PPF maturity
₹61.8L
Total invested
₹18L
NPS corpus over time
Year-by-year NPS growth path
Benchmarks
NPS lump-sum vs PPF
+11.0%You
₹68.4L
Benchmark
₹61.8L
NPS equity allocation drives higher returns at higher risk.
NPS locks 40% in annuity at retirement
You cannot withdraw the full NPS corpus — at least 40% must be used to purchase an annuity. PPF has no such restriction.
PPF is fully tax-free (EEE)
PPF contributions get 80C deduction, interest is tax-free, and maturity is tax-free. NPS lump-sum withdrawal (up to 60%) is also tax-free, but annuity income is taxable.
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At a glance
- What it does
- Projects your NPS corpus based on monthly contribution, expected return, and retirement age. Splits the result into annuity and lump-sum portions.
- Key output
- Total corpus, annuity portion (40-100%), lump-sum withdrawal, wealth gain over contributions.
- Indian-specific
- PFRDA mandates minimum 40% annuity purchase at retirement. Lump-sum up to 60% is tax-free.
- Best used for
- Retirement planning alongside PPF and EPF. Compare NPS equity allocation returns against guaranteed PPF.
How It Works
This is the drill-down layer. The flagship flow leads with a recommendation, and this page lets you inspect the underlying model.
- Corpus = FV of SIP at monthly contribution, expected return, and months until retirement.
- Annuity corpus = corpus × annuity percentage (minimum 40%).
- Lump-sum = corpus − annuity corpus.
Assumptions
The recommendation stays blunt, but the assumptions remain visible.
- Expected return assumes equity-heavy NPS allocation. Actual returns vary by fund manager.
- Annuity percentage is clamped to PFRDA minimum of 40%.
- No tax modeled on annuity income (taxable at slab rate in retirement).
FAQ
The follow-up questions people usually ask after the main recommendation is already clear.
Is NPS better than PPF for retirement?
NPS offers potentially higher returns through equity allocation but locks 40% in annuity. PPF is fully tax-free (EEE) with guaranteed returns. The right mix depends on your risk appetite.
Can I withdraw NPS before retirement?
Partial withdrawal is allowed after 3 years for specific purposes (education, illness, home purchase). Full exit before 60 requires 80% annuity purchase.
How is NPS taxed?
Contributions get 80CCD(1B) deduction up to ₹50k. Lump-sum withdrawal up to 60% at retirement is tax-free. Annuity income is taxed at your slab rate.
Sources & references
Every formula and assumption above is grounded in these authoritative sources.
Related tools & decisions
Keep going from here — each link carries the same cluster context.
Sibling tools
PPF Calculator
Will 15 years of PPF actually build a meaningful tax-free corpus? See the maturity amount, what drives it, and whether maxing the ₹1.5L cap is worth it for you.
EPF Calculator
Will EPF alone fund your retirement? See the projected corpus at 60, what drives it, and whether a VPF top-up is worth considering.
Comparison pages