Atal Pension Yojana (APY) calculator
Find your required contribution and estimated IRR for a target APY pension.
Last reviewed: August 2026 · Figures are estimates for general planning only — see the explanation below for this calculator's specific assumptions.
joining Atal Pension Yojana at age 30 for a target pension of ₹3,000 a month means contributing ₹347 Monthly for 30 years — assuming payouts to age 75, this works out to an effective annual return of about 7.93%. Compare this against NPS, which has no fixed pension amount
What is Atal Pension Yojana (APY)?
APY is a government-backed pension scheme for Indian citizens aged 18–40. You contribute a fixed amount (set by law based on your age and target pension, not a formula) until age 60, after which you receive a guaranteed monthly pension of ₹1,000 to ₹5,000 for life. On your death, your spouse receives the same pension; after both of you die, a fixed “return of corpus” amount is paid to your nominee.
About the IRR shown here
This estimates IRR using contributions out, your pension in from age 60, and the corpus return at an assumed age of death — the same simplified single-assumed-age approach as the deferred annuity calculator, not a full mortality-table actuarial calculation, and it does not model the spouse’s pension continuation. The contribution amount and return-of-corpus figures themselves are exact, from the official APY table — only the IRR is an estimate.
What does "IRR" mean?
IRR (Internal Rate of Return) is just the annual growth rate that would explain the numbers you put in and get out — similar in spirit to an interest rate, but for a stream of payments in and out over time rather than a single lump sum.
Frequently asked questions
Who is eligible for Atal Pension Yojana?
Any Indian citizen aged 18 to 40 with a bank or post office savings account can join APY. Contributions must continue until age 60, so the earlier you join, the smaller your monthly contribution for the same target pension.
What happens to APY after the subscriber dies?
If the subscriber dies after age 60, the spouse receives the same pension for life. After both the subscriber and spouse have died, the fixed “return of corpus” amount is paid to the nominee — this calculator’s IRR estimate does not separately model the spouse’s pension continuation, only the subscriber’s own assumed lifespan.
Can I choose my own APY contribution amount?
No — the contribution is fixed by the government based on your age at entry and your target monthly pension, not something you can adjust. This calculator looks up the exact official amount rather than calculating it from a formula.
Common questions answered
- What is the APY contribution for a 30-year-old targeting a ₹3,000 pension?
- How much does APY cost per month at age 24 for the minimum ₹1,000 pension?
- Is joining APY at 18 for the maximum ₹5,000 pension worth it?
- What is the APY contribution at age 27 for a ₹2,000 pension, paid quarterly?
- What IRR does Atal Pension Yojana give for a 20-year-old targeting ₹1,000 pension?
- What is the quarterly APY contribution for a 28-year-old targeting ₹4,000 pension?
- What half-yearly contribution does APY need at age 26 for a ₹1,000 pension?