APY Calculator

Last updated: Jul 22, 2026 | Reviewed by Calkulator Team | 2 min read

Investment

Lock in a guaranteed monthly pension starting at age 60

Atal Pension Yojana guarantees ₹1,000 to ₹5,000 monthly pension after 60, with contributions as low as ₹42/month for an 18-year-old choosing ₹1,000 pension. The government co-contributes for eligible accounts.

Join APY before 30 to get the lowest monthly contribution — the later you start, the higher the premium.

tuneAPY Details
Current Age
                            
                            Yrs
                        
1840
Monthly Pension at 60
                            —
                            
                            /mo
                        
₹1,000₹5,000
Monthly Contribution
₹226/mo
For 35 years (age 25 to 60)
Guaranteed Pension at 60
₹3,000/mo
For life (then spouse)
Annual Contribution
₹2,712
Per year outflow
₹94,920
Total Contributed
Over 35 years
Nominee Corpus
₹5,10,000
Returned on death
Years to Contribute
35 Yrs
Until age 60
Corpus
5.4x

                                    Total Contributed
                                    ₹94,920
                                

                                    Nominee Corpus
                                    ₹5,10,000
                                
functions APY Key FactsContribution based on age + pension (govt. table)
Pension guaranteed by Government of India from age 60
Spouse continues pension after subscriber's death
Not available for income-tax payers (post Oct 2022)

Live Result Illustration

Visual summary — updates instantly as you enter values above

LIVE

Real-Life Guide to Using the APY Calculator

Atal Pension Yojana calculator. Use the examples and checks below to turn the number into a practical decision.

When this calculator is useful

Workers in the unorganised sector, or anyone under 40 without a formal employer pension, who want to know how much they must contribute monthly now to guarantee a fixed pension of ₹1,000 to ₹5,000 a month starting at age 60.

For most people, the best way to use the APY Calculator is to try the real case first, then change one input at a time. That makes the trade-off visible. For example, with a loan calculator you can change tenure while keeping the same rate; with an investment calculator you can change return assumption while keeping the same monthly contribution; with a health, education or measurement calculator you can check how much one input changes the final category.

The result should answer a practical question: Can I afford this? How much should I save? Is this score enough? Is this measurement within range? What is the safer or cheaper option? If the output does not answer the decision clearly, adjust the inputs until the scenario matches your real situation.

Real-Life Example

26-year-old gig worker joining APY: A 26-year-old delivery worker wants a guaranteed ₹5,000/month pension starting at 60 and checks the required contribution.

1Per the official APY contribution chart, joining at age 26 for the ₹5,000 pension slab requires a monthly contribution of approximately ₹376 until age 60 (verify the exact figure on the current PFRDA chart, since it is fixed by age of entry, not calculated on the fly).

2Now change one input, such as rate, time, quantity, unit or score, and compare the new result with the first one.

Joining APY young dramatically lowers the monthly contribution needed for the same guaranteed pension, making the age input the single biggest lever in the calculator.

Practical Advice

Use the APY Calculator as a planning tool, not just a number generator. Write down the inputs you used, because the final answer is meaningful only when you remember the assumptions behind it.

If the decision affects money, health, tax, safety, academics or legal compliance, keep a second check ready. That second check may be a bank quote, payslip, official rule, prescription, site measurement, mark sheet or invoice.

Common Mistakes

Entering an age above 40 — APY enrolment is open only between ages 18 and 40, so the calculator's contribution table does not apply beyond that window.
Assuming the monthly contribution for a given pension slab is the same for everyone — it actually depends heavily on age at joining, with an 18-year-old paying much less than a 35-year-old for the same ₹5,000 pension target.
Assuming a government co-contribution boosts the payout — this benefit applied only to subscribers who joined by a past cutoff date and were not income-tax payers, and is not available to new subscribers today.
Treating the guaranteed pension amount as inflation-adjusted, when ₹5,000/month at 60 is fixed in rupee terms for life and will have far lower purchasing power decades from now.
Overlooking the return-of-corpus feature — after the subscriber and spouse both pass away, the accumulated corpus is returned to the nominee, a separate figure from the monthly pension the calculator focuses on.

How to Interpret Results

The output shows the monthly contribution required to lock in your chosen pension slab starting at age 60 — treat the pension figure as fixed in rupee terms for life, not adjusted for future inflation, when deciding how much of your retirement plan should rely on APY alone.

A good interpretation looks at both the main result and the supporting values. If a page shows totals, ratios, categories, schedules or warnings, read those together instead of focusing only on the biggest number.

APY Calculator FAQs

Useful answers for interpreting the output, avoiding mistakes and using the result responsibly.

What exactly does the APY calculator estimate?

It estimates the fixed monthly contribution you need to make, based on your current age and chosen pension slab, to receive that guaranteed pension amount for life starting at age 60.

Why does my required contribution depend so much on my joining age?

Because a younger subscriber contributes for more years before age 60, so smaller monthly amounts compound over a longer period to fund the same guaranteed pension as an older joiner's larger monthly amounts over fewer years.

Can I increase my pension slab later, from ₹1,000 to ₹5,000?

Yes, subscribers are allowed to increase or decrease their pension slab once a year, typically during a specific window, and the monthly contribution is revised accordingly based on current age.

Is the government co-contribution still available to new APY subscribers?

No, the co-contribution benefit was limited to eligible subscribers who joined during specific earlier years and met income-tax conditions; it does not apply to subscribers joining now.

What happens to the money if I die before 60?

The spouse can continue the account and receive the same pension after 60, or receive the accumulated corpus back; if the spouse also passes away, the corpus is paid to the nominee.

Is the APY pension amount taxable?

Yes, the monthly pension received is treated as income and taxed at your applicable slab rate, similar to any other pension income.

Can I exit APY before age 60 if I need the money?

Voluntary exit before 60 is allowed only in specific circumstances such as terminal illness or death, and generally returns only your own contributions plus applicable interest, not the government co-contribution if any was received.

How does APY's guaranteed pension compare with NPS's market-linked corpus?

APY gives a small but fixed, government-guaranteed pension regardless of market performance, while NPS builds a market-linked corpus that can be much larger but fluctuates with equity and bond returns and depends on prevailing annuity rates at exit.

Atal Pension Yojana — Government Pension for All

Atal Pension Yojana (APY) is a government-guaranteed pension scheme for unorganised sector workers and anyone without a pension. You choose your desired monthly pension (₹1,000 to ₹5,000) and contribute a fixed amount monthly until age 60.

Pension starts from age 60 for life. After the subscriber's death, the spouse receives the same pension. After both die, the nominee receives the full accumulated corpus. Section 80CCD(1) tax deduction is available on contributions.

Example Calculation

Scenario: Age 25, ₹3,000/month pension

1Monthly contribution = ₹226 (from APY chart)

2Total invested = ₹226 — 12 — 35 = ₹94,920

3Corpus at 60 = ₹5.10 Lakh (5.4� return)

✓ ₹226/mo for 35 years → ₹3,000/mo pension for life + ₹5.10L corpus for nominee

Frequently Asked Questions

APY — India's guaranteed pension scheme explained

Who is eligible to open an APY account?

Any Indian citizen aged 18 to 40 years with a savings bank account or post office savings account can enroll in APY. Since October 2022, income taxpayers are not eligible to join. A single APY account is allowed per individual. The subscriber must not be a member of any statutory social security scheme.

Can I increase my APY pension amount after enrolling?

Yes, the pension amount can be increased or decreased once per year, during the month of April. You can upgrade from ₹1,000 to ₹5,000 or downgrade, subject to age-linked contribution adjustments. The contribution amount changes accordingly based on the new pension slab and remaining years to 60.

What is the difference between APY and NPS?

APY provides a guaranteed, government-backed fixed monthly pension (₹1,000�₹5,000) regardless of market performance. NPS is market-linked and the final pension depends on investment returns. APY is targeted at the unorganised sector with lower income; NPS offers higher potential returns and more flexibility but carries market risk. Both offer 80CCD tax benefits.

Lock in a guaranteed monthly pension starting at age 60

functions APY Key Facts