Apart from the job, retirement planning is also considered necessary. If you are doing a job, if you are not making a post-job spending plan, then there can be a lot of problem late. Everyone would be wanting to live in a tension free old age without any financial constraints. For this, it is necessary that like salary, it becomes a source of regular income.
For this it is important that retirement planning should be started during the job itself. At the same time, the National Pension System is the best option. Let us know in detail about this scheme.
If you can invest at the age of 21
If the average age of the investor reaches 21 years and he is investing Rs 4,500 monthly, then it is important to invest 39 years from the age of 21 to 60 years. He starts investing Rs 54000 annually and can invest Rs 21.06 lakh in the scheme in 39 years.
If 10 percent returns are started getting then on maturity it reaches Rs 2.59 crores. That is, when you retire, you start getting a pension of Rs 51,848 per month. In this, the calculation has been done according to an estimate.
1.56 crore will be available on retirement
In NPS, if you take 40 percent annuity and the annuity rate reaches 6 percent annually, then after retirement you get Rs 1.56 crore together. Then 1.04 crore goes into the annuity. Now if you look at the amount of this annuity, then you start getting a pension of Rs 51,848 every month. The higher the annuity amount, the higher the pension you get.
