Hi Pankaj,
I am 34 years old and my wife is 29-1/2 years old. We want to get Rs. 1 Lakh pm pension. What amount should be deposited by me and my wife individually to meet my requirement at the age of 60 Years. I know that certainity is not there in such fund. You can tell me the tentative figure of monthly contribution by both of us.
You need 1 lakh pm pension by today's value or when you will be 60 years.
At the age of 60 years. Not today's value.
it will be better if you provide expense in current value as 1 lakh may not be correct figure at 60, considering inflation in mind.