NPS Benefits: Age 40 years… then do this work, you will get pension of Rs 50000 every month, know how?

Everyone plans for retirement and often people need regular income on retirement. People already invest in different schemes for regular income. Especially most people invest in pension schemes. If you also want to get a hefty 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 linked to the market, that is, its return is based on the market. This scheme is very popular in terms of retirement planning. This scheme gives you the benefit of pension along with giving lump sum. Let us know if you are 40 years old and you start investing in NPS, then how much investment 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 and 70 years can invest. Whatever contribution you make in NPS, that money will be divided into two parts. On retirement, you can take 60 percent of the amount as a lump sum and 40 percent will go into annuity. Your pension is prepared from this annuity amount. This scheme is operated by the Pension Fund Regulatory and Development Authority (PFRDA).

How to get 50 thousand rupees 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 per month at the age of 40 and you will have to make this investment till the age of 65. This means that Rs 15,000 will have to be invested monthly for 25 years.

According to the calculation, you will invest a total of Rs 45 lakh. If you get 10% interest on this amount, then you will get Rs 1,55,68,356 as interest. In this way, a corpus of Rs 45,00,000 + 1,55,68,356 = Rs 2,00,68,356 will be prepared. 60% of this, i.e. Rs 1,20,41,013 will be received as a lump sum. The remaining 40%, i.e. Rs 80,27,342 will go into annuity. If we assume an 8% return on this amount, then the monthly pension will be Rs 53,516.