National Pension Scheme: Invest Rs 7,750 Monthly for Rs 1 Lakh Pension
Anukkriti Tomar
The NPS scheme is a government-backed retirement and savings plan that carries low risk.
Source- Google Photos | Website
Investing in the NPS scheme allows you to receive a monthly pension of Rs 1 lakh post-retirement.
Website
Let's understand how it's calculated
Website
You need to begin investing after turning 25 to receive a monthly pension of 1 lakh.
Website
If you begin investing at the age of 25, you will need to continue until you are 60, which means investing for 35 years.
Website
To receive a monthly pension of Rs 1 lakh after 60 years, an investment of approximately Rs 7,750 per month is required, assuming an estimated return of 12%.
Website
Thus, your overall investment will amount to 5 crores, with 40 percent allocated to the annuity scheme.
Website
Therefore, you will receive a monthly pension of Rs 1 lakh comfortably after retirement.