look news india
National Pension System: Everyone plans for retirement and often people need regular income in retirement. People already invest in different schemes for regular income. Especially most people invest in pension schemes. If you also want to get a big pension after your retirement, then National Pension System (NPS) can be a good option for you.
National Pension System is a government scheme, which is market linked i.e. its returns are based on the market. This scheme is very popular in terms of retirement planning. This scheme not only gives you a lump sum amount but also gives you the benefit of pension. Let us know that if you are 40 years old and you start investing in NPS, then how much will you have to invest every month to get a pension of Rs 50 thousand?
Who can invest?
NPS is a scheme under which any citizen between 18 to 70 years can invest. Whatever contribution you make to NPS, that money will be divided into two parts. On retirement, you can take 60 percent of the amount in lump sum and 40 percent will go in annuity. Your pension is prepared from this annuity amount. The scheme is operated by the Pension Fund Regulatory and Development Authority (PFRDA).
How to get Rs 50,000 monthly pension?
If you want to get a monthly pension of Rs 50,000 at the age of 40, then you can achieve this goal by investing in NPM. However, for this you will have to invest a good amount. You will have to invest at least Rs 15,000 every month at the age of 40 and you will have to do this investment till the age of 65. This means that Rs 15,000 will have to be invested every month for 25 years.
According to the calculation, you will invest a total of Rs 45 lakh. If you get interest at the rate of 10 percent on this amount, then you will get Rs 1,55,68,356 from interest. According to this, a fund of Rs 45,00,000 + 1,55,68,356 = Rs 2,00,68,356 will be created. 60 percent of this amount i.e. Rs 1,20,41,013 will be given in lump sum. The remaining 40 percent i.e. Rs 80,27,342 will go towards annuity. If we assume 8 percent return on this amount, then the monthly pension will be Rs 53,516.