NPS Annuity Calculator – Monthly Pension

🛡️ NPS Annuity Calculator

At 60, part of your NPS corpus buys an annuity that pays your monthly pension for life. See what each annuity option pays and how much lumpsum you keep.

NPS Corpus at Retirement (₹)

% of Corpus to Annuity (min 40)

Annuity Option Life with Return of Purchase Price (~6.2%) Life without Return of Purchase Price (~7.2%) Joint Life with ROP (spouse continues) (~5.9%) Life + 3% Annual Increase (~6.8% initial)

Annuity Rate (% p.a., editable)

Monthly Pension for Life

₹0

Amount Used to Buy Annuity₹0

Tax-Free Lumpsum You Keep₹0

Annual Pension₹0

Returned to Nominee (ROP options)—

At least 40% of the NPS corpus must buy an annuity (100% exit is allowed if the corpus is ₹5 lakh or less). Up to 60% withdrawn as lumpsum is tax-free; annuity payouts are taxed at your slab. "Return of Purchase Price" pays a lower pension but refunds the annuity amount to your nominee — without ROP, pension is higher but nothing is returned. Rates vary by insurer and age; compare on the CRA portal before buying. Estimates only.