Assumption
- Let your Age be 30 Years.
- You would like to contribute Rs.5000/- per month to your Tier-I Account of NPS.
- Total years of contribution is 30.
- Total investment = Rs.5000/- X 12 X 30.
- Your expectation on return on investment is 10% on annual basis.
- You would like to buy annuity with 40% of total corpus at the age of 60 years.
- Your expectation on annuity rate is 6 %.
Calculated Result Based on Assumption
- Total amount of money invested up to age of 60 years will be Rs.1800000/- (18 Lakh only).
- Total Corpus generated will be Rs.11396627/- (1.13 Crore only).
- Total Return or Gain on investment will be Rs. 9596627/- (95.96 Lakh only).
- Lump Sum value to be withdrawn at maturity = Rs.11396627/- X 60% =Rs.6837976/- (68.37 Lakh only).
- Annuity Value to be purchased for pension = Rs.11396627/- X 40 % = Rs.4558651/- (45.58 Lakh only).
- Your expected monthly pension will be Rs.22793/- ( Rupees Twenty Two Thousand Seven Hundred Ninety Three Only).
The calculations and illustrations shown above are based on assumptions and speculations and not on actual basis.
Happy Investing !!!
Happy Investing !!!
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