NPS Calculator: The source of income remains during the days of the job, so it is easy to meet or manage all kinds of expenses and needs. The real challenge begins after retirement.
Life after retirement also passes comfortably without any stress and you do not have any problem of money, so it is necessary to remain a source of monthly income. So whenever we start our job or employment, start planning for retirement along with it. Thinking of retirement planning, especially when you are in private job, then National Pension System can be a good option. This is because it can create a big retirement fund. Along with this, you can also get monthly pension.
NPS Calculator: Planning ₹ 2 Crore Monthly Pension
If your plan is to retire at the age of 60 years and after that keep getting a pension of Rs 2 lakh every month, so that no one is bothered in running the essential and daily expenses. Let us understand with the help of NPS Calculator of SBI Pension Fund. Suppose you are 32 years old and you want to retire in 60 years. In this way, you will get a total investment period of 28 years for projected retirement planning. See calculation.
- Monthly investment in NPS: ₹55,000
- Total contribution over 28 years: ₹1.85 crore
- Estimated return on investment: 10%
- Net amount at maturity: ₹9.99 crore
- Annuity purchase: 40% (₹3.99 crore)
- Estimated annuity rate: 6%
- Age 60 Pension at: ₹1,99,798 per month
(Note: This calculation is an approximate figure. Actual figures may differ.)
