If you are worried about your pension plan or don’t know about your pension or if you want to invest in your pension plan we will help you in this blog. We will help you to calculate your pension and all the important aspects related to the monthly Investment Scheme and a lot more. Let’s start.

Your old age should be a time of relaxation and enjoyment, not of financial suffering and problems. This is the time when you have to enjoy life, not stress about money. It’s extremely important that you think about your future now and start planning for your retirement from now on.
You have to make better decisions and think about your future and make decisions that can help in your pension savings. We will discuss bit by bit all the important aspects of Pension and savings.

Also, we will be discussing the pension calculator and how to calculate your amount and annuity with it. Let’s start.

The Importance of Knowing Your Pension Benefit Options

While addressing the main Pension calculator and how to calculate it, we have to address the basics and simple things that can have an impact on your pension benefits.

This is a major area that the majority of pension plan investors don’t even think about, that is What are my pension benefits?
When you can start asking the correct questions about your pension, you will get plans and pension plans that are better than the rest.

Fund Growth:

Your fund performance is directly proportional to income under your pension account. If your account is performing well under your pension scheme, then you will get great benefits according to the set plans in the scheme. If you invest in lower-yielding plans, then it will yield worse effects. For that, you have to always look and watch for the portfolio of retirement investment and always balance it so it can yield much higher returns in the future.

Your employer and your contribution:

The total amount that can be had in your pension pot can be decided by how much the employee and the employer contribute to the pension fund. The more money you put into the retirement fund, the bigger the pension fund will be. The employers can choose to contribute to the employee’s pension fund by matching the same amount as the employee. This can help the employee later as the employer is also contributing to the employee’s pension fund.

Charges and fees:

You have to take into account all the charges and fees that will be deducted by the different providers of the pension fund. If you add all the charges deducted every month or year and then look at it for a decade, then you will realize you are paying a big amount in a lifetime. Calculate all the charges before investing in the pension fund. Now, you know all the requirements about pension funds and their charges, let’s move to the more important part, which will help you in pension amount calculation.

How to calculate your pension?

It’s Highly important to do all the calculations when you are investing in a Pension scheme. This pension scheme will go on for years and you have to fully calculate this monthly Investment Scheme that will cover your major part of old age. So, it’s highly crucial that you calculate this part of the fund. So, How to Calculate the Investment Scheme? We will talk about every aspect in this blog only. You need a Pension Calculator that calculates the pension scheme.

What is a Pension Calculator?

What is a Pension Calculator

This Pension Calculator can be defined as a tool that will help you to calculate your pension and it’s all the important factors that include the amount you will have as pension income during the retirement time window.

This Calculator takes into account all the factors that include retirement age, current age, and retirement income as expected as other factors as well to show you the full details and amount you will receive during retirement. The Pension calculator will tell you the corpus amount that you will be gaining during the time of scheme maturity. The NPS scheme you are investing in will be calculated by this calculator. The total amount will be calculated based on your investment and the return generated.

What is the importance of the Pension Calculator?

This calculator is highly important for your retirement planning. This can help you to understand what is the total amount of income you will be receiving during your retirement time. With the help of this pension calculator, you can calculate or adjust your retirement savings based on its calculation.
This tool will help you to figure out the total amount of money you will get when you retire at the age of 60.

Also Read: How Can A Retirement Calculator Help You Plan Your Retirement?

Factors That Affect Your Pension: Understanding the Variables

Factors That Affect Your Pension

Many factors can affect your pension scheme funds. These funds you are investing in can be measured and calculated by the Pension calculator. The pension calculator can be used to mitigate the wrong practices done based on wrong investment practices.

  1. Age of retirement: This is directly proportional to the age of your retirement. If you are retiring before the proper retirement age, then you will be saving less amount for your retirement fund.
  2. Retirement Income: This is a simple formula, the more you earn when you work during the working years, the more you will save for retirement.
  3. Investment Returns: The return you get on the investment in your pension scheme can directly affect the pension income.
  4. Contribution: The more the amount you contribute towards your pension, the better will be your pension income.
  5. Inflation: Inflation is a big factor that can directly affect your amount. Your purchasing power can be directly impacted by inflation. That’s why it’s important to invest more in a monthly scheme and keep calculating it in retirement calculator.


One of the best retirement calculator in India can help you in identifying and calculating the exact amount and how much you’re saving. Now you know all the details and factors affecting your pension scheme and how you can calculate the amount in the SWP Calculator or Pension Calculator. Use these and secure your future.

CA Mukesh Gupta
CA Mukesh Gupta
Mukesh Gupta is the founder and director of Wealthcare. He is Fellow chartered accountant, Certified Financial Planner and Certified Public Financial advisor. He is in financial services industry since 1994. He conducts free money management sessions for corporates and associations on topics related to Personal finance. His previous engagement was with Birla Sunlife group. He regularly writes on topics related to Personal finance and occasionally appear on electronic media.

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