Atal Pension Yojana Calculator

Retirement

Atal Pension Yojana pays a government-guaranteed pension of ₹1,000 to ₹5,000 a month for life in return for a small fixed contribution made until age 60.

Free · No sign-up · Private6 min readUpdated 27 July 2026

In short: Atal Pension Yojana (APY) is a government-backed scheme where you pay a small fixed monthly contribution from your entry age until 60, then receive a guaranteed lifelong monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000, with a return-of-corpus of 170× the pension paid to your nominee on death.

Your inputs

Results

Guaranteed monthly pension

₹5,000

For life from age 60

Approx. monthly contribution

₹368

Indicative — set by govt chart

Nominee corpus

₹8,50,000

Returned on death (170× pension)

Total you contribute

₹1,54,601

Over 35 years

AI insights

You put in ₹368 and it grows to ₹5,000 — about 13.6× your money, with ₹4,632 earned on top.
Roughly 93% of the final value is growth, not your own contributions — the compounding is doing the heavy lifting.
Staying invested longer, or stepping the amount up each year, tilts this even further in your favour.

Contribution corpus growth

How your indicative contributions build towards the return-of-corpus by age 60.

Age-wise corpus

Age-wise corpus
Age	Contributed	Corpus
26	₹4,417	₹4,613
27	₹8,834	₹9,610
28	₹13,251	₹15,020
29	₹17,669	₹20,881
30	₹22,086	₹27,227
31	₹26,503	₹34,100
32	₹30,920	₹41,544
33	₹35,337	₹49,605
34	₹39,754	₹58,336
35	₹44,172	₹67,791

Indicative only — actual APY contribution is fixed by a government chart keyed to entry age and pension slab.

Formula

Nominee corpus = Pension × 170; Approx. contribution = Corpus ÷ (FV of ₹1/month over n years)

Pension: Chosen slab: ₹1,000–₹5,000 per month
170: Scheme’s return-of-corpus multiple of the monthly pension
n: Years from entry age until 60
FV: Future value of a ₹1 monthly SIP at the assumed return

Step-by-step calculation

Worked with the default values.

1
Years to contribute (n)
60 − 25
= 35 yrs
2
Nominee corpus target
₹5,000 × 170
= ₹8,50,000
3
Approx. monthly contribution
₹8,50,000 ÷ FV of ₹1/month
= ₹368
4
Guaranteed pension
Fixed by scheme, regardless of returns
= ₹5,000/month

How it works

You join between 18 and 40 and pick a pension slab of ₹1,000 to ₹5,000 a month; your bank auto-debits a fixed monthly contribution set by the official age-and-slab chart.
Contributions continue until you turn 60, at which point the guaranteed pension begins and is paid for the rest of your life regardless of how the fund performed.
After your death the pension continues to your spouse, and once both pass away the accumulated corpus (170× the pension) is returned to the nominee.

Examples

Join at 18 for the ₹5,000 pension

A contribution of about ₹210 a month until 60 secures a ₹5,000 lifelong pension and an ₹8.5 lakh corpus for the nominee.

Join at 40 for the ₹1,000 pension

A contribution of roughly ₹291 a month for 20 years secures a ₹1,000 pension and a ₹1.7 lakh nominee corpus.

Understanding the Atal Pension Yojana Calculator

What Atal Pension Yojana promises

Atal Pension Yojana (APY) is a Government of India scheme aimed squarely at the unorganised sector — workers without an employer-run pension. You choose a pension slab of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 a month, and in return you pay a small, fixed contribution from your entry age until you turn 60. From 60 onwards the chosen pension is paid to you for life, guaranteed by the government whatever the market does.

The defining feature is certainty. Unlike a mutual fund or even NPS, the payout is not a projection — it is a promise. If the fund's returns fall short, the government tops up the gap; if they exceed expectations, the surplus flows back to subscribers.

How the contribution is set

Your monthly contribution is fixed by an official chart keyed to two things: your entry age and your pension slab. The younger you join, the longer your money compounds and the smaller the contribution.

Join at 18 for the ₹5,000 pension and you pay roughly ₹210 a month.
Join at 40 for the ₹5,000 pension and the contribution jumps to well over ₹1,400 a month.

The figures in this calculator are indicative — they estimate the contribution from the corpus a SIP would need to build by 60. Your bank always applies the exact government-notified amount, so use this tool to understand the mechanics, not as the final number.

The nominee corpus

APY is not only a pension. On the death of both the subscriber and spouse, the accumulated corpus is returned to the nominee. This return-of-corpus is 170 times the monthly pension:

₹1,000 pension → ₹1.7 lakh corpus
₹5,000 pension → ₹8.5 lakh corpus

Who should use it — and its limits

APY suits anyone wanting a dependable, no-fuss pension floor, especially the self-employed and informal workers. Contributions qualify for a deduction under Section 80CCD(1B), and auto-debit keeps the saving effortless.

The trade-offs are real: the pension is capped at ₹5,000 and is not inflation-indexed, so its real value shrinks over a long retirement. Since October 2022, income-tax payers cannot open new accounts. The sensible approach is to treat APY as a guaranteed base and stack NPS, EPF or an equity SIP on top for growth that outpaces inflation.

Pros

The pension is guaranteed by the Government of India, so market swings never reduce your promised payout.
Very small, affordable contributions — as little as around ₹42 a month if you join at 18 for the ₹1,000 slab.
The spouse continues to receive the pension after the subscriber’s death, and the corpus then passes to the nominee.
Contributions are eligible for a tax deduction under Section 80CCD(1B).
Auto-debit makes it a fully hands-off, disciplined retirement saving.

Cons

The maximum pension is capped at ₹5,000 a month, which inflation will erode over a long retirement.
Income-tax payers can no longer open new APY accounts, limiting who can join.
Early exit before 60 is restricted and generally allowed only in special circumstances.
The guaranteed pension is not inflation-indexed, so its real purchasing power falls over time.

Tips

1Join as early as possible — starting at 18 slashes the monthly contribution for the same ₹5,000 pension to a fraction of what a 40-year-old pays.
2Keep enough balance in your linked account around the auto-debit date to avoid penalties and account freezing.
3Start at the ₹5,000 slab if you can afford it; upgrading later costs more because fewer years remain to contribute.
4Treat APY as a guaranteed base layer and pair it with NPS, EPF or a SIP for a larger, inflation-beating retirement corpus.
5Register a nominee and keep the details updated so the return-of-corpus reaches your family without dispute.

Frequently asked questions

Everything you need to know about the Atal Pension Yojana Calculator.

Who can join Atal Pension Yojana?

Any Indian citizen between 18 and 40 with a savings bank or post office account can join. Since October 2022, taxpayers — anyone who is or has been an income-tax payer — are not eligible to open a new APY account.

Is the pension really guaranteed?

Yes. The pension of ₹1,000 to ₹5,000 is guaranteed by the Government of India. If the actual investment returns fall short of what is needed, the government makes up the difference; if returns are higher, the surplus benefits you.

How is my monthly contribution decided?

The contribution is fixed by an official chart based on your entry age and chosen pension slab — the younger you join, the smaller the contribution. This calculator gives an indicative figure; your bank applies the exact government-notified amount.

What does the nominee receive?

After the death of both the subscriber and spouse, the accumulated corpus is returned to the nominee. This return-of-corpus is 170× the monthly pension — ₹1.7 lakh for the ₹1,000 slab up to ₹8.5 lakh for the ₹5,000 slab.

Can I increase or decrease my pension amount later?

Yes. You can upgrade or downgrade your pension slab once a financial year, usually in April. Your contribution is then adjusted, with any differential (plus interest) collected or refunded.

What if I miss a contribution?

Missed contributions attract a small penalty per month, which your bank recovers along with the overdue amount. Prolonged default can lead to the account being frozen after 6 months, deactivated after 12 months and closed after 24 months.

Can I exit APY before 60?

Voluntary exit before 60 is generally allowed only in exceptional cases such as terminal illness or death. On such exit you receive your own contributions plus the net actual returns earned on them, after deducting account-maintenance costs.

Is the APY pension taxable?

Contributions to APY qualify for deduction under Section 80CCD(1B). The monthly pension received after 60 is taxable as income at your slab rate in the year you receive it, like other pension income.

How is APY different from NPS?

APY offers a fixed, government-guaranteed pension for small fixed contributions and is aimed at the unorganised sector. NPS is a market-linked scheme with no guaranteed pension but potentially higher, uncapped returns and larger, flexible contributions.

Can I have more than one APY account?

No. A subscriber can hold only one APY account. If you want a larger pension, you upgrade the slab within your existing account rather than opening a second one.

Methodology & sources

How the Atal Pension Yojana Calculator is calculated, and where the underlying rules come from.

How we calculate it

Every result is produced by a single, shared and tested financial-formula library used across the whole site — so the maths is consistent from one calculator to the next. Figures are estimates based on the inputs you enter and standard assumptions (such as regular compounding and constant rates); real-world outcomes vary with taxes, fees and changing rates. All calculations run in your browser — nothing you type is stored or sent to a server.

Sources & references

Editorial policy & disclaimer. FinCalcHub provides free educational tools and estimates — not personalised financial, tax or investment advice. Verify important decisions with a qualified professional. Read our editorial approach, disclaimer and privacy policy.

Last reviewed for accuracy on 27 July 2026.

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