Mr. Sharma is planning for his retirement that is due at the age of 60. His current
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Question:
Mr. Sharma is planning for his retirement that is due at the age of 60. His current income is Rs. 100000 per annum and his current age is 32 years. How much he should invest in new pension scheme every year so that he can have a comfortable retirement life. The cost of living of a retirement couple in delhi is Ra 500000 per annum with his own house. Average inflation of lifetime can be considered as 3%. The average XIRR of NPS is 12% per annum. Post retirement inflation is equal to return on investment after retirement. Life expectancy can be considered as 80 years
Expert Answer:
To determine how much Mr Sharma should invest in the new pension scheme every year for a comfortable retirement life we need to consider several facto... View the full answer
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