Senior Citizen New Pension Scheme: Most of the benefits of the National Pension System will be known to almost all people, but it should also be kept an eye on how much monthly pension they can get by investing in this scheme. The National Pension System (NPS) Trust has now made it easy to calculate the provisional pension and lump sum amount expected by the NPS subscriber on retirement.
NPS Trust has launched a revamped website, by visiting which investors can get better information about returns and benefits of NPS. You can also visit the website to know how much you need to invest now to have a successful post-retirement life!
NPS subscribers or individuals who want to take advantage of this scheme can check the potential returns using the NPS calculator available on the revised website. We also used this calculator and saw how much money can be invested in this scheme from a young age to get a good pension.
Invest this much from the age of 25
People can invest in NPS till the age of 75 years. However, if one invests only Rs 1500 per month (which equates to saving only Rs 50 per day) from the age of 25 till the age of 60, he/she would build up a corpus of around Rs 57,42,416 during retirement. If the annual rate of return has been 10%.
How to get 57 thousand pension?
The NPS calculator shows that if one invests only Rs 3000 per month (which equates to saving only Rs 100 per day) from the age of 25 till the age of 60, he/she will retire with a total corpus of around Rs 1,14,84,831 if the annual rate of return is 10%. Now, if 100% annuity is purchased with this amount, then the total monthly pension will be Rs 57,412.
