Atal Pension Yojana (APY) Calculator
The Atal Pension Yojana (APY) is a government-backed scheme that guarantees a fixed monthly pension of ₹1,000 to ₹5,000 from age 60 in return for small, regular contributions during your working years. This APY calculator finds the exact monthly contribution you need for your chosen pension, based on your age when you join. Enter your current age and target pension, and it returns the fixed amount to save each month, along with the corpus your nominee eventually receives.
APY can be joined between ages 18 and 40.
Monthly Contribution
₹380
Paid every month for 35 years, until age 60.
Yearly Contribution
₹4,560
Total Contribution
₹1,59,600
Corpus Returned to Nominee
₹8,50,000
Guaranteed corpus paid to the nominee after the subscriber's demise.
About the Atal Pension Yojana (APY) Calculator
An APY calculator tells you the fixed monthly contribution required to secure a chosen guaranteed pension under the Atal Pension Yojana. The amount is set by an official APY chart that depends only on your age at entry and your target pension, so the calculator simply looks up and confirms your commitment.
Why it is useful
APY is aimed at workers in the unorganised sector who lack a formal pension, and its guaranteed payout removes market risk. The calculator shows how much cheaper it is to start young, lets you compare the five pension slabs, and makes clear the small monthly outlay that secures a lifelong income.
How the calculation works
The contribution is not computed from a return formula but read from the APY chart the PFRDA publishes, which maps your entry age (18 to 40) and target pension (₹1,000 to ₹5,000) to a fixed monthly amount. The younger you join, the smaller the contribution, because it is spread over more years — total contribution = monthly amount × 12 × (60 − entry age).
Key inputs explained
- Entry age: Your age when you join APY; must be between 18 and 40.
- Target pension: The guaranteed monthly pension you want from 60 — ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000.
- Contribution frequency: Monthly, quarterly, or half-yearly; the chart is usually shown monthly.
Example calculation
Inputs
- Entry age
- 25
- Target pension
- ₹5,000/month
- Years to 60
- 35
Calculation breakdown
- Contribution years
- 60 − 25 = 35 years
- APY chart amount (age 25, ₹5,000)
- ₹376/month
- Total contributed
- ₹376 × 12 × 35 = ₹1,57,920
Paying ₹376 a month from age 25 secures ₹5,000 a month for life from 60. The same pension would cost ₹1,454 a month if you joined at 40, and after both you and your spouse pass, the nominee receives the ₹8.5 lakh corpus for this slab.
Benefits
- Guarantees a fixed pension for life, fully backed by the Government of India.
- Requires very small contributions, especially if you join in your late teens or twenties.
- Continues the pension to your spouse and returns the corpus to your nominee.
Limitations
- The maximum guaranteed pension is ₹5,000 a month, which inflation will erode over time.
- Only Indian citizens aged 18 to 40 with a bank account can join.
- Missed contributions attract penalties and can lead to the account being frozen or closed.
Tips
- Join as early as possible — the same pension costs a fraction of the age-40 contribution.
- Keep enough balance in your linked bank account for the auto-debit to avoid penalties.
- Treat APY as a base pension and add NPS or SIPs for a larger, inflation-beating income.
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About this calculator
The Atal Pension Yojana (APY) Calculator is built and maintained by the PaisaBot team. All calculations run instantly in your browser using established financial formulas, and we use high-precision arithmetic to keep the results reliable.
Data accuracy: Interest rates, tax slabs, and scheme rules are updated periodically, but figures can change with RBI, government, and lender revisions. Always confirm the latest rates with your bank or an official source before acting.
Educational purpose: This tool is provided for general information and financial education only. It does not constitute investment, tax, or legal advice. For decisions specific to your situation, please consult a qualified financial advisor.