Amount of Contribution at the age of 34 Years

sanjeevs 1
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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.

monthly-investment new-pension-scheme pension

You need 1 lakh pm pension by today's value or when you will be 60 years.

Pankaj Batra•

At the age of 60 years. Not today's value.

sanjeevs•

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.

Pankaj Batra•
1 Answers

Considering all these figures, you need to invest atleast 20-22,000 per month to maintain your current lifestyle after age of 60 years till 80 years.

This is considered that your investment will earn 10% annualized return.

Pankaj Batra5212
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