NPS CALCULATOR: Well, there are many schemes in the market to invest your money. All schemes have their own advantages and disadvantages. If you are thinking about your expenses after retirement.
Are thinking about where and in which scheme it will be safe to invest, then this news is for you. Today we are going to tell you about investing in the NPS scheme run by the government, through which you will get a pension of Rs 1 lakh after retirement. Let us know what is its calculation.
NPS scheme is a government retirement and savings scheme. The amount of money you invest through this scheme will be the pension you will get after retirement. Here we will tell you how you should invest from what age and for what period so that you can get a monthly pension of Rs 1 lakh after 60 years.
When will the scheme start
We assume that you are investing under this scheme after the age of 25 and you invest till the age of 60 and you are getting 12% annual interest on that investment. Now let us see how much to invest.
Investment plan
If you want a monthly pension of Rs 1 lakh after retirement, then you will have to invest accordingly. You will have to invest about Rs 7,750 every month for 35 years from 25 years to 60 years, with the expectation of a return of 12 percent.
When you invest around Rs 7,750 every month for 35 years, your total investment will be around Rs 5 crore. After this, about 40 percent of the investment will have to be bought in annuity scheme at an estimated interest rate of 6 percent, after which you will easily get a pension of Rs 1 lakh per month through this investment.
