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NPS (National Pension Scheme) Calculator: The National Pension System (NPS) proves to be very helpful for private sector employees in their retirement planning. An early investment in NPS can provide a good retirement fund and a good monthly pension.
Although investing in NPS does not guarantee you a fixed pension, investing in it early and wisely can ensure a comfortable retirement. Your pension depends on the annuity plan you choose and the returns you get on it.
Invest in NPS to get a monthly pension of Rs 1.5 lakh
Let's find out how much a 25-year-old should invest in NPS every month to get a monthly pension of Rs 1.5 lakh by the age of 60. If you start investing in NPS at the age of 25 and by the age of 60, you can get a monthly pension of around Rs 1.5 lakh. You have a goal, which you need to know.
How much to invest every month: To achieve the monthly pension target of Rs 1.5 lakh, you need to invest Rs 7,000 every month.
investment return: Assuming a 12% annual return, your investment will grow every year.
total investment: During this period you can invest a total of Rs. 29,40,000 will be invested.
Total Maturity Value: By the time you retire, your total fund will be around Rs. 4.54 crore.
Annuity Reinvestment: Out of the total amount, around Rs 1.82 crore will be used to buy annuity.
One-time withdrawal: You can withdraw around Rs 2.72 crore.
Pension: Thus, you can expect to get a monthly pension of more than Rs 1.50 lakh.