Rs. 1 Lakh Pension: Can you imagine a Rs. 1 lakh pension after retirement? May be it sounds like a story, but it is possible. There is a certain way of investing that can help you to claim a Rs. 1 lakh pension after retirement.
How to get Rs. 1 lakh after retirement?
There are numerous investment opportunities available in the market for you to put your money into. Every plan comes with its own advantages and disadvantages. If you are pondering on the safest place to invest your money, this news is significant for you. Today we will discuss investing in the government-run NPS scheme, which guarantees a retirement pension of Rs 1 lakh. Let’s find out its calculation.
This is the amount you need to invest for Rs. 1,00,000 rupees income after retirement
The NPS program is a government scheme for retirement and savings. Based on the sum of money you put into this plan, you will receive a pension upon retiring. Here we will explain the age at which to start investing and for how many years, in order to receive a monthly pension of Rs 1 lakh after turning 60.
First, understand the equation before Investment
If you want a monthly pension of Rs 1 lakh after retirement, then you have to invest accordingly. You will have to invest around Rs 7,750 for 25 years to 60 years i.e. 35 years with an expectation of 12% return every month. When you invest close to Rs 7,750 every month continuously for 35 years, then your total investment will be around 5 crores.
This way you can get the amount
After this, about 40 percent of the investment will have to buy the annuity scheme at an estimated interest of 6 percent, which will give you a pension of Rs 1 lakh a month comfortably through this investment.