NPS Calculator: NPS i.e. National Pension System is the most popular scheme (NPS Investment) to prepare retirement fund. By investing in NPS, you create a huge corpus and you can lead a comfortable life even in old age.
NPS Calculator: NPS i.e. National Pension System is the most popular scheme (NPS Investment) to prepare retirement fund. By investing in NPS, you create a huge corpus and you can lead a comfortable life even in old age. If you do your retirement planning then investing in NPS is definitely advised.
With this, your source of monthly income will remain even after retirement. But this is not the only benefit of NPS. You can also become a crorepati (how to become crorepati) from this. If you invest in NPS (NPS Calculator) in the right way at the right time, you can create a fund of 1 crore.
How to create a fund of 1 crore in NPS?
Let’s calculate with the pension calculator of NPS Trust. Suppose you start investing in this scheme from the age of 30. You have to invest Rs 5,000 every month in this. You can keep investing in this scheme till the age of 75 years. So your total contribution is of 45 years. NPS has given 9-10% returns in the last few years. If we assume 10% return. and invest 40% in annuity (annuity rate is assumed to be 6%) then the status of your pension account on retirement will be
– Total Corpus – 5,28,49,280
– Total Investment – 2,70,0000
What will be the pension corpus?
After so much investment, your pension fund will be-
– Annuity Value – 2,11,39,712
– Lump sum value – 3,17,09,568
That is, you will get a pension of Rs 1,05,699 in a month.
NPS has many benefits (NPS Benefits)
NPS offers a lot of flexibility to its subscribers. In this, you can contribute according to the risk you want to take. You can choose the fund manager and fund allocation of your choice. Subscriber can put 75% of his fund in equity. According to the pension regulator PFRDA (Pension Fund Regulatory and Development Authority), NPS has given its subscribers good returns as per the market as well as tax exemption in the last decade. By investing in this scheme, you get a direct tax exemption of up to 2 lakhs. Its low-cost features help you build a corpus that gives you a higher pension amount (NPS Calculator).
