NPS Withdrawal Calculator

Calculate your NPS corpus at retirement, compare government and non-government exit splits, estimate annuity income, check partial-withdrawal limits, and review premature-exit scenarios under the 2026 framework.

60%Govt Normal-Exit Lump Sum
40%Govt Normal-Exit Annuity
25%Partial Withdrawal
80%Non-Govt Normal-Exit Max

NPS Corpus & Withdrawal Calculator

Enter your contribution details to calculate corpus, lump sum, annuity and monthly pension

Calculator Mode
📈 Build Corpus + Withdrawal
💰 I Know My Corpus
📤 Partial Withdrawal

Current Basic Pay (₹/Month)

Basic pay + DA for NPS contribution calculation
DA Rate (%)

Current DA% — NPS is deducted on Basic+DA
Employee NPS Contribution (%)

Standard: 10% of Basic+DA (Tier 1)
Employer NPS Contribution (%)

Govt: 14% | Private: 10% of Basic+DA
Years Left to Retirement

Remaining service years (retirement age 60)
Expected Annual Return on NPS (%)

Illustrative planning assumption — actual NPS returns are market-linked
Annual Salary Increment (%)

Expected annual increment (3% standard 7th CPC)
Existing NPS Corpus (₹)

Current accumulated NPS balance (if any)

Total NPS Corpus at Retirement (₹)

Total accumulated corpus at age 60 / retirement
Subscriber Type
Central Govt Employee (60% lump sum, 40% annuity)Non-Govt / Private (up to 80% lump sum, 20% annuity)
Rules differ for govt vs non-govt subscribers (2026)

Your Own Contributions to NPS So Far (₹)

Only your contributions (not employer’s) — check NPS statement
Total NPS Corpus (₹)

Total corpus including employer contributions + returns
Years of NPS Subscription

Minimum 3 years required for partial withdrawal
Partial Withdrawals Already Made
0 — No withdrawals yet1 — One withdrawal done2 — Two withdrawals done3 — Three withdrawals done4 — Maximum reached
Up to 4 withdrawals before age 60 under the 2026 framework; spacing/conditions apply

Annuity Allocation — 40% to Annuity

40% (Min)70%100% (All)
Government normal exit: 40% minimum annuity. Non-government normal exit may permit a 20% minimum under the 2026 framework.
Expected Annuity Rate (% p.a.)

Annuity Service Provider rate: 5.5%–8% typically
🏦 Calculate NPS Withdrawal

📊 NPS Withdrawal Statement

Total Corpus—At retirement
Lump Sum — Tax-free withdrawal
Annuity Amt— For monthly pension
Est. Pension—Per month (approx)

ComponentAmount
Total NPS Corpus at Retirement—
💚 Lump Sum Withdrawal (Tax-Free)—
🟠 Annuity Amount (Mandatory)—
💜 Estimated Monthly Pension—
Annual Pension Income—
Your Contribution (Total)—
Employer Contribution (Total)—
Returns Generated on NPS—
🏆 Total Benefit (Lump Sum + Lifetime Pension @20 yrs)—

📊 Corpus Split

Lump Sum (60%)
Annuity (40%)
Your Contributions
Employer Contributions
Returns

📅 Year-by-Year Corpus Projection

📤 Partial Withdrawal Eligibility

NPS Withdrawal Rules 2026 — Complete Guide

Superannuation exit, premature exit, partial withdrawal, annuity options & tax treatment

🏁 Superannuation Exit at Age 60 (Normal Retirement)

ℹ️
Rule: On reaching age 60 / superannuation, at least 40% of corpus must be used to purchase an annuity (mandatory). Up to 60% can be withdrawn as a tax-free lump sum. If the total corpus is ≤ ₹5 lakh, 100% withdrawal is allowed without any annuity requirement.

🚪 Premature Exit (Before Age 60)

2026 Update: The larger 80% lump-sum / 20% annuity flexibility applies to qualifying normal exit for non-government subscribers under the amended framework. A premature voluntary exit remains materially different and generally uses a 20% lump-sum / 80% annuity structure above the small-corpus threshold. Always classify the exit event correctly before using a percentage.

📤 Partial Withdrawal Rules (Tier 1 — While Continuing NPS)

Minimum Tenure

3 Years Required

Partial withdrawal from Tier 1 is allowed only after completing minimum 3 years of NPS subscription from the date of joining.

25% Limit

Own Contributions Only

Maximum withdrawal = 25% of your own contributions (not total corpus, not employer’s share). Based on employee-only amount.

4 Times Max

Lifetime Limit (Updated 2026)

Maximum 4 partial withdrawals allowed in the entire NPS tenure. Previously 3 — revised to 4 under 2026 PFRDA guidelines.

Gap Required

5-Year Gap Between Withdrawals

Each partial withdrawal must be separated by at least 5 years from the previous one (waived for medical emergencies under some conditions).

Tax-Free

No Tax on Partial Withdrawal

Partial withdrawals from NPS Tier 1 are completely tax-exempt — no TDS, no income tax applicable on the withdrawn amount.

Purpose-Based

Only for Specific Reasons

Children’s higher education/marriage, purchase or construction of first house, treatment of critical illness for self/spouse/children/parents, disability, or skill development/startup.

📋 NPS Annuity Plan Options (PFRDA Empanelled ASPs)

ASP Rate Range (2026): Annuity Service Providers (LIC, SBI Life, HDFC Life, etc.) typically offer 5.5% – 8% p.a. on the annuity corpus. Higher age = higher rate. Compare rates from multiple ASPs before purchasing — use official NPS Trust portal for the latest empanelled ASP rates.

📈 NPS Corpus Growth — Worked Example

Employee: Level 7, Basic ₹44,900, DA 60%, 25 years to retirement, NPS return 10% p.a., annual increment 3%.

Lump Sum (60%)

₹2,23,20,000

Tax-free withdrawal at retirement under Section 10(12A)

Annuity (40%)

₹1,48,80,000

Compulsory annuity purchase → Monthly pension ≈ ₹80,600/month @6.5% p.a.

NPS Withdrawal Planning Workflow

Use the calculator as a planning layer, then reconcile the result with your actual PRAN statement, service record and exit category.

🧭Start With the Correct Exit Category

The most important step is not the percentage calculation — it is identifying why and when you are exiting NPS. A Central Government employee retiring normally, a non-government subscriber completing a qualifying normal exit, a subscriber leaving prematurely, and a nominee claiming on death can face different utilization rules. The same corpus can therefore produce a different permissible lump sum and annuity requirement depending on the event. Use the NPS Withdrawal Calculator together with the NPS Tier 1 Calculator rather than applying a single 60:40 or 80:20 rule to every case.

For Central Government planning, first confirm your retirement or cessation date from your office record. Then compare the corpus visible in your PRAN statement with the projection generated by the NPS Calculator. If the actual balance is already known, use the “I Know My Corpus” mode instead of rebuilding the corpus from salary assumptions. A known balance is a much stronger starting point because it already reflects real contributions, investment performance, charges, contribution delays and earlier transactions.

For non-government subscribers, the 2026 framework introduced greater flexibility for qualifying normal exits, but that should not be confused with premature exit. The practical rule is simple: classify first, calculate second. If the exit reason or qualifying tenure is uncertain, treat the output as a scenario and obtain confirmation from the applicable recordkeeping/exit process before placing a withdrawal request.

🧾Reconcile Contributions Before You Withdraw

A retirement projection can look precise while still being wrong because one or more contribution months are missing. Before finalising an exit request, compare the NPS transaction statement with salary slips for Basic Pay, DA and employee deduction. The Central Government contribution pattern can be cross-checked using the NPS Impact Calculator, while your broader monthly salary can be reconciled with the Salary Break-up Calculator. If a promotion or annual increment recently changed Basic Pay, verify that NPS deductions changed from the correct month.

Where a contribution appears short or absent, separate three questions: was the employee deduction made, was the employer contribution booked, and was the amount actually credited to the PRAN? A payslip deduction alone does not prove that the pension account received the money. Likewise, a later credit can make one month look missing while the contribution is simply posted under a different transaction date. Resolve material gaps before exit whenever possible because an unresolved missing contribution can affect both the available lump sum and the annuity purchase amount.

DA changes also matter because NPS contribution for covered Central Government employees is linked to Basic Pay plus DA. If you are checking a historical contribution period, use the appropriate DA rate for that period rather than today’s rate. The DA Rate History & Calculator can help organize this check, while the Annual Increment Calculator can help identify Basic Pay changes that should have flowed through to pension deductions.

📊Stress-Test Corpus and Annuity Instead of Using One Return

Long-term NPS results are market-linked, so one assumed return should never be treated as the expected answer. Run at least three scenarios: a conservative return, a middle planning return and a higher-return case. Keep salary growth and remaining service consistent while changing only the investment return. This shows how much of the final corpus depends on investment performance rather than contributions. The Tier 1 Calculator and NPS Impact Calculator are useful companion tools for testing the same retirement plan from different angles.

Do the same for annuity rates. A 6% illustration is not a promise that an insurer will quote 6% on your retirement date. Annuity pricing depends on age, product structure, spouse coverage, return-of-purchase-price features and market conditions. Compare a lower annuity rate and a higher rate so you can see the pension range. If you select a joint-life or return-of-purchase-price option, the monthly income may differ from a simple life annuity even when the annuity corpus is identical.

The result should therefore be read as a planning band, not a guaranteed pension. If your retirement budget requires a minimum monthly income, compare the annuity estimate with other retirement resources using the Retirement Corpus Calculator and Retirement Benefits Calculator. This prevents an NPS withdrawal decision from being made in isolation.

💸Lump Sum, Annuity and Tax: Keep Three Ledgers

At exit, it helps to maintain three separate numbers: the gross NPS corpus, the amount taken as lump sum, and the amount committed to annuity. Do not mix the annuity purchase amount with monthly pension income. The annuity corpus is a capital amount used to buy the pension product; the pension is the periodic cash flow generated under that product. If you compare retirement options, use the Pension Calculator for pension-oriented planning and the Pension Commutation Estimator only where commutation is actually relevant to the pension regime being modelled.

Tax treatment also needs to be separated from withdrawal eligibility. A permitted withdrawal percentage does not automatically mean every rupee is treated identically for tax purposes. Keep the calculator’s tax labels as a guide, then reconcile them with the tax law applicable in the year of exit. The Income Tax Calculator for Government Employees can help model annual taxable income, including pension or annuity income where applicable.

For family planning, record the nominee, spouse details and the annuity option under consideration. A product that maximizes the first pensioner’s monthly income may provide different survivor benefits than a joint-life product. Use the Family Pension Calculator to keep statutory family-pension planning separate from NPS annuity planning, because they arise from different rules and should not be assumed to be interchangeable.

📤Partial Withdrawal: Verify Purpose, Amount and Timing

The partial-withdrawal calculator uses your own contributions, not the entire NPS corpus, because the withdrawal ceiling is linked to the subscriber’s contribution base. Before entering the amount, use the transaction statement to identify your own cumulative contribution separately from employer contributions and investment gains. If you enter total corpus in the “own contribution” field, the calculator will overstate the potential withdrawal.

Next verify that the purpose is one recognized by the applicable rules and that the minimum subscription/spacing conditions are satisfied. Under the 2026 framework, up to four partial withdrawals before age 60 may be available, with a four-year interval generally applying between such withdrawals, subject to the detailed rule and permitted exceptions. This is why the calculator displays a planning ceiling rather than an automatic entitlement. Keep documents supporting the purpose ready before initiating the request.

A partial withdrawal also has an opportunity cost: the amount removed no longer compounds inside the retirement account. After testing the withdrawal amount, rerun the corpus projection with the reduced balance. That second projection shows the long-term retirement impact. If the withdrawal is for a discretionary goal, compare the cost with preserving the Tier 1 corpus and using a more liquid account such as NPS Tier 2 where appropriate.

✅Final NPS Exit Checklist

Before submitting a final exit request, confirm the PRAN and KYC details, bank account, nominee data, date of retirement/exit, subscriber sector, actual accumulated pension wealth, chosen lump-sum percentage, chosen annuity percentage, annuity service option and expected tax treatment. Print or save the calculator result only as a working sheet; the authoritative amount is the amount processed against the pension account at the time of exit.

If you are retiring from Central Government service, also reconcile the NPS decision with gratuity, leave encashment and other retirement benefits. Use the Gratuity Calculator, Leave Encashment Estimator and Retirement Benefits Guide so the NPS lump sum is not mistaken for your entire retirement corpus. For service and pension-rule context, the Pension Rules Guide provides a useful companion reference.

Best practice: preserve a before-and-after record. Save the final NPS statement before exit, the withdrawal/annuity selection, the acknowledgement and the bank credit/annuity policy details. This makes later reconciliation far easier for you or your family.

Frequently Asked Questions

Common queries on NPS withdrawal, annuity, partial withdrawal and tax treatment

Can I withdraw 100% of NPS corpus at retirement?▾
You can withdraw 100% of NPS corpus at retirement only if the total accumulated corpus is ₹5 lakh or less. If the corpus exceeds ₹5 lakh, you must use at least 40% to purchase an annuity and can take a maximum of 60% as lump sum. You may voluntarily choose to put more than 40% in annuity (up to 100%) to get a higher monthly pension, but the minimum 40% annuity is mandatory for corpus above ₹5 lakh.
Is the NPS lump sum withdrawal taxable?▾
No. Under Section 10(12A) of the Income Tax Act, the lump sum amount withdrawn at the time of normal retirement (superannuation at age 60) is completely tax-free — up to 60% of the corpus. However, the monthly annuity (pension) received is fully taxable as “Income from Salary” or “Income from Other Sources” as per your applicable income tax slab. Partial withdrawals during the NPS tenure are also tax-exempt. NPS is an EEE (Exempt-Exempt-Exempt) investment for lump sum — contributions, growth, and lump sum are all tax-exempt.
What is the 80% lump-sum rule for non-government subscribers in 2026?▾
Under the amended 2026 framework, a qualifying normal exit for a non-government subscriber can allow up to 80% of accumulated pension wealth as lump sum with at least 20% toward annuity, subject to the applicable corpus and exit conditions. Do not apply that split to a premature voluntary exit: premature exit generally retains the 20% lump-sum / 80% annuity structure above the small-corpus threshold. Use the calculator as a planning tool and verify the exit category before acting.
How much partial withdrawal can I make from NPS?▾
Partial withdrawal is allowed after 3 years of NPS subscription. The maximum amount per withdrawal is 25% of your own contributions (excluding employer contributions and returns). The maximum number of partial withdrawals allowed in the entire NPS tenure has been revised to 4 withdrawals (up from 3 under earlier rules). Each withdrawal must be for an approved purpose and satisfy the applicable conditions. Under the 2026 framework, withdrawals before age 60 are generally spaced by four years; verify the latest rule and any exception relevant to your case. All partial withdrawals are fully tax-exempt.
What happens to NPS corpus if the subscriber dies before retirement?▾
In case of death of the subscriber before reaching retirement age, the entire NPS corpus is paid to the nominee or legal heir — there is no mandatory annuity requirement. The nominee can choose to withdraw 100% as lump sum. The death benefit is fully tax-free in the hands of the nominee. If there is no nominee, the amount goes to the legal heir as per succession rules. The employer’s contribution is also fully included in the death benefit payout. The nominee should submit the death claim form along with the death certificate to the Point of Presence (POP) or Central Recordkeeping Agency (CRA).
What is the difference between NPS Tier 1 and Tier 2 for withdrawal?▾
Tier 1 is the mandatory pension account with restricted withdrawal rules — partial withdrawal only after 3 years for specific purposes (25% of own contributions), and full exit governed by the superannuation/premature exit rules. Tier 2 is a voluntary savings account with no withdrawal restrictions — you can withdraw any amount at any time without any reason, minimum tenure, or tax penalty. However, Tier 2 does NOT offer the same tax benefits as Tier 1 (Tier 2 contributions are not tax-deductible under Section 80CCD except for Central Government employees with a 3-year lock-in). Employer contributions are only to Tier 1.
Which NPS annuity option gives the highest monthly pension?▾
The “Life Annuity without Return of Purchase Price” (simple life annuity) gives the highest monthly pension because no corpus is returned to nominees after the subscriber’s death — the insurer retains everything. However, for subscribers who want to protect their family, “Joint Life Annuity with Return of Purchase Price” is popular as it covers the spouse and returns the corpus to nominees. The actual pension amount depends on: (1) annuity corpus size, (2) subscriber age at purchase, (3) annuity type chosen, and (4) the specific ASP’s rate. Compare all PFRDA-empanelled ASPs (LIC, NPS Trust, SBI Life, HDFC Life, etc.) at official NPS Trust portal before purchasing.
Disclaimer: All projections are estimates based on assumed return rates. Actual NPS corpus depends on fund performance, contribution amounts, and market conditions. Annuity rates vary by ASP. For official rules: official NPS Trust portal | official PFRDA portal. Consult a financial advisor before making withdrawal decisions.