NPS calculator: If you start investing in this scheme even at the age of 30, you can make a good corpus by the age of 60. After retirement, you will also get pension every month.
NPS Scheme: There is no problem of money after retirement, for this it is necessary that retirement planning should be done along with starting the job. So that you can get a chance to build enough corpus for retirement. The National Pension System is the best option to get a lump sum retirement fund as well as pension every month. If you start investing in NPS even at the age of 30, you can make a good corpus by the age of 60. Along with this, you will also get pension every month. If you have set a monthly pension target of Rs 1 lakh after retirement, you will have to invest around Rs 25,000 per month. Know the detail calculation…
NPS Calculator: 1 Lakh Monthly Pension
If the age of the investor is 30 years and he starts investing in this scheme, then he will get an opportunity to invest for the next 30 years. If he has set a monthly pension target of Rs 1 lakh, then 25,000 monthly contribution will have to be made.
- Monthly investment in NPS: Rs 25,000
- Total contribution in 30 years: Rs 90 lakh
- Estimated return on investment: 10%
- Total amount on maturity: Rs 5.69 crore
- Annuity Purchase: 40%
- Estimated Annuity Rate: 6%
- Pension at the age of 60: Rs 1,13,966 per month
(Note: This calculation is an approximate figure. Actual figures may vary.)
NPS: It is necessary to take 40% annuity
In NPS, if you take 40 per cent annuity (minimum that is required to be kept) and the annuity rate is 6 per cent per annum, then after retirement you will get Rs 3.41 crore in lumpsum and 2.27 crore will go into annuity. Now from this annuity amount, you will get a pension of Rs 1,13,966 every month. The higher the annuity amount, the higher the pension you will get.
NPS: Who can invest
In NPS, any citizen of India whose age is between 18 to 65 years can take part in this scheme after some necessary procedures. The responsibility of investing the amount deposited in NPS is given to the pension fund managers registered by PFRDA. They invest your investments in equity, government securities and non-government securities apart from fixed income instruments.