1 Lakh Monthly Pension After Retirement: Retirement is such an age when one wants to spend without worrying about money. Most of the people try to make their life easy even after retirement. Do not have any kind of problem regarding money or monthly expenses or household budget
1 Lakh Monthly Pension After Retirement: Retirement is such an age when one wants to spend without worrying about money. Most of the people try to make their life easy even after retirement. There should not be any kind of problem regarding money or monthly expenses or household budget. Here we are telling you how you can earn a pension of 1 lakh rupees every month after retirement. First, calculate how much money you need after retirement. You first decide how much pension you want every month. After this, you have to see how much investment will have to be done to get the fixed pension. After that you decide where to invest.
Invest in NPS
The National Pension Scheme (NPS) was launched by the Central Government. Through NPS, people make arrangements for pension during their job itself. If you invest in NPS, you secure your future. If you invest 60% in equity and 40% in debt, you get an average return of 10%. If you invest Rs 15,000 every month for 30 years, you get a pension of Rs 1 lakh on retirement.
Invest in SIP
One can invest in a SIP i.e. Systematic Investment Plan to get a pension of one lakh rupees every month. If you invest at the age of 30 and invest for 30 years, you can build a huge retirement fund. If you invest Rs 56,660 in a month then your fund will become Rs 2 crore and if you get 12% yield on it then you will earn Rs 1 lakh pension every month.
Inflation will also have to be taken care of
According to experts, an investor can choose Hybrid or Conservative Hybrid SWP (Systematic Withdrawal Plan) fund which works to protect you from inflation by giving around 7-8 percent annual return. Investors have to take care of inflation even after retirement. If we assume a life of 30 years even after retirement, then to get 1 lakh pension, the investor will have to take into account the inflation rate of 6%. Considering inflation, the SWP should have a corpus of Rs 2.76 crore.
