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How much should a 30-year-old invest in NPS to have the same lifestyle after retirement?
short by Medhaa Gupta / on Tuesday, 24 December, 2024
A 30-year-old person with a monthly expense of ₹50,000 now needs to invest at least ₹53,000/month in NPS' Balanced Life Cycle Fund scheme to have the same lifestyle after retiring at 60. This is because the value of ₹50,000 would become ₹2.16 lakh after 30 years at a 5% inflation. For this, the expected return on investment is 10%.
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