APY pension calculator: How to get Rs 1,000-Rs 5,000 monthly pension under Atal Pension Yojana

The Pension Fund Regulatory and Development Authority-regulated Atal Pension Yojana (APY) is a government-backed social security scheme designed to help citizens get a guaranteed monthly pension after retirement. Investors in APY can get up to Rs 5,000 monthly pension after the retirement age of 60.

Who can invest in APY?

APY is open to all citizens of India who have savings bank accounts. The minimum age to join APY is 18 years and the maximum is 40 years. From October 1, 2022, any citizen who is or has been an income taxpayer, is not eligible to join APY.

APY contributions

To join APY, you need to be at least 18-year-old, and the upper limit is 40 years. You exit the APY scheme and start receiving pension at 60. The amount you contribute to APY depends on how old you are when you sign up. Basically, the older you are when you join, the more you need to contribute each month.

Contributions to APY are 'auto-debited' from your savings bank account on a monthly, quarterly, or half-yearly basis. Once you join APY, you are expected to keep contributing the stipulated amount until you hit 60.

How to get Rs 1,000-Rs 5,000 monthly pension under Atal Pension Yojana

ET Wealth Online is sharing the monthly APY contributions needed to get Rs 1,000-Rs 5,000 monthly APY pension for subscribers aged 18, 20, 25, 30, 35 and 40 years. They need to make these monthly contributions till the age of 60 years.

Monthly APY contributions needed to get Rs 1,000/month pension at retirement for subscribers aged 18-40 years

Age at entry	Vesting period	Rs 1000/month pension
18	42	Rs 42/month
20	40	Rs 50/month
25	35	Rs 76/month
30	30	Rs 116/month
35	25	Rs 181/month
40	20	Rs 291/month

Monthly APY contributions required to get Rs 2,000/month pension at retirement for subscribers aged 18-40 years

Age at entry	Vesting period	Rs 2000/month pension
18	42	Rs 84/month
20	40	Rs 100/month
25	35	Rs 151/month
30	30	Rs 231/month
35	25	Rs 362/month
40	20	Rs 582/month

Monthly APY contributions required to get Rs 3,000/month pension at retirement for subscribers aged 18-40 years

Age at entry	Vesting period	Rs 3000/month pension
18	42	Rs 126/month
20	40	Rs 150/month
25	35	Rs 226/month
30	30	Rs 347/month
35	25	Rs 543/month
40	20	Rs 873/month

Monthly APY contributions required to get Rs 4,000/month pension at retirement for subscribers aged 18-40 years

Age at entry	Vesting period	Rs 4000/month pension
18	42	Rs 168/month
20	40	Rs 198/month
25	35	Rs 301/month
30	30	Rs 462/month
35	25	Rs 722/month
40	20	Rs 1164/month

Monthly APY contributions required to get Rs 5,000/month pension at retirement for subscribers aged 18-40 years

Age at entry	Vesting period	Rs 5000/month pension
18	42	Rs 210/month
20	40	Rs 248/month
25	35	Rs 376/month
30	30	Rs 577/month
35	25	Rs 902/month
40	20	Rs 1454/month

Who gets the pension after the death of an APY subscriber?

If the subscriber dies before reaching 60 years of age, their spouse can choose to continue contributing to the subscriber’s APY account for the remaining period until the subscriber would have turned 60. After that, the spouse will receive the same pension amount that the subscriber was entitled to, until the spouse’s death. After the death of both the subscriber and the spouse, the nominee will receive the accumulated pension corpus.