Pension Plan: After retirement, people start worrying about money. Many people start investing for retirement while in service. The central government also runs several schemes to make senior citizens financially independent.
One of which is the National Pension System. With the help of this scheme, a person can avail a pension of Rs 1 lakh per month. However, it requires a proper plan.
NPS calculation
NPS is considered the best investment option for a secure future. In which citizens can invest only during the job. Anyone in the age group of 18 to 70 can avail the benefits of this scheme. Currently investing in 60% equity and 40% debt gives a return of around 10%. In such a situation, if a person invests ₹ 15000 every month for 30 years, then he gets ₹ 1 lakh as pension after retirement.
Take advantage of 1 lakh pension like this
To avail lakh pension one has to invest in SIP. SIP facility is also provided in NPS along with mutual funds. Under the scheme, if a person invests every month for 30 years, then a huge fund gets accumulated till retirement.
A fund of Rs 2 crore can be created by investing Rs 56,660 with 12% yield. In this way you can avail pension of Rs 1 lakh every month. However, for this, investors have to keep the inflation rate in mind. To get a pension of Rs 1 lakh, special care has to be taken of the inflation rate of 6%.
