You can leave your job with a pension of Rs 1 lakh per month. If you understand Mutual Funds and FD properly, you can take a leave today itself.

If you want a pension of Rs 1 lakh every month after retirement, then you have to invest properly for this. In this blog, we will tell you how you can get regular pension by investing your money.

How much investment is required to get a pension of Rs 1 lakh per month?

To achieve this goal, you should have an investment of around Rs 1.2 crore to Rs 1.5 crore. This estimate is based on an annual return rate of 8-10%.

Where should one invest?

Your investment plan will depend on how much risk you can take. If you want to take less risk, you should invest in instruments like Fixed Deposits (FD), Post Office Monthly Income Scheme (POMIS), Senior Citizen Savings Scheme (SCSS), RBI Floating Rate Savings Bonds, Government Bonds and Debt Mutual Funds. But if you want higher returns and are willing to take risk, you can invest in equity-oriented mutual funds.

Investment Plan: For people with low risk appetite

If you want to take less risk, it is important for you to choose safe investment options. Here is a simple plan:

1. Fixed Deposit (FD):
   • Invest around Rs 25 lakh in fixed deposits. This will give you Rs 46,875 every three months, which is Rs 15,625 per month.
2. Senior Citizen Savings Scheme (SCSS):
   • Invest Rs 30 lakh in this scheme. This will give you Rs 61,500 every three months, which will be Rs 20,500 per month.
3. RBI Floating Rate Savings Bond:
   • Invest Rs 35 lakh in it. This will give you Rs 1,40,875 every six months, which will be Rs 23,479 per month.
4. Debt Mutual Funds:
   • Start a Systematic Withdrawal Plan (SWP) by investing Rs 30 lakh in debt mutual funds. This will give you around Rs 16,865 every month.
5. Hybrid Mutual Funds:
   • Invest Rs 30 lakh in hybrid mutual funds. This can give you around Rs 23,732 every month.

• Total investment: Rs 1.45 crore
• Total Pension: Rs 1,00,201 per month

Scheme for investors with moderate risk appetite

If you can take a little more risk, you should also invest some money in equities.

1. FD: Invest Rs 10 lakh. This will give you Rs 6,250 every month.
2. SCSS: Invest Rs 30 lakh, which will give you Rs 20,500 every month.
3. RBI Bonds: Invest Rs 35 lakh, this will give you Rs 23,479 every month.
4. Hybrid Mutual Funds: Invest Rs 35 lakh. This will give you around Rs 23,732 every month.
5. Large Cap Mutual Funds: Invest Rs 30 lakh in equity mutual funds. This can give you Rs 28,198 every month.

• Total investment: Rs 1.35 crore
• Total pension: Rs 1,02,159 per month

Scheme for high risk investors

If you can take more risk and expect better returns, your plan could be something like this:

1. FD: Invest Rs 10 lakh, which will give you Rs 6,250 every month.
2. SCSS: Invest Rs 30 lakh, which will give you Rs 20,500 every month.
3. Hybrid Mutual Funds: Invest Rs 30 lakh. This can give you around Rs 23,732 every month.
4. Equity Mutual Funds: Invest Rs 55 lakh in equity mutual funds. This can give you Rs 51,696 every month.

• Total investment: Rs 1.25 crore
• Total Pension: Rs 1,02,178 per month

In this way, you can get a pension of up to Rs 1 lakh every month after retirement by planning your investments properly.