NPS Calculation: If you have also invested in the National Pension Scheme or want to get a pension worth lakhs by investing, then it is important to do some proper planning. National Pension System is the most popular scheme for regular income after retirement. NPS also gives the option to invest in equity.
The sooner you start investing in NPS, the better it is. However, if you have started investing late then there is no need to panic. You can earn a monthly income of Rs 2 lakh by investing in it even in a short time. Let us know how much you should invest every month to get a pension of Rs 2 lakh.
NPS Withdrawal Rules
At present NPS subscribers cannot withdraw the entire amount on maturity. In this, it is necessary to buy an annuity plan of at least 40 percent amount. The annuity amount provides you regular income at retirement. At the same time, 60 percent of the total amount can be withdrawn. However, NPS subscribers have the option to purchase annuity of 100 percent of the amount.
How much to invest for Rs 2 lakh
If you are 40 years old, you have the option to invest in NPS for 20 years. Also, if you want to get a pension of Rs 2 lakh every month, then let us know how much you should invest in NPS.
For a pension of Rs 2 lakh, you will need a total maturity corpus of Rs 4.02 crore. This corpus will be able to give 6 percent return in 20 years. At the same time, it will be mandatory to buy 40 percent annuity, which means that you can buy annuity worth Rs 1.61 crore. On the other hand, you can withdraw Rs 2.41 crore or 60 percent of the amount.
How to make an amount of more than 4 crores in 20 years
If you want to deposit an amount of more than Rs 4 crore in 20 years, then you will have to invest Rs 52,500 every month in NPS. By calculating 10 percent return on this, Rs 4.02 crore can be deposited till maturity.
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