How to Get a Monthly Pension of ₹ 10,000?

How to Get a Monthly Pension of ₹ 10,000? 

Following these practically achievable steps can easily help you achieve your monthly pension of ₹ 10,000: 

• Start Early: The sooner you begin investing, the better the results of the power of compounding reflect on your retirement corpus. 
• Boost Contributions: Contribute at least 20% of your income towards investment in pension plans, and gradually increase the amount with increasing income. 
• Regularly Contribute: Investing regularly is the key to accumulating a retirement corpus. Ensure that your investment amounts are drawn systematically from the budget or set an auto-deduct mode to ensure regular investing. 
• Review and Adjust: Review your investments’ performance consistently, and make necessary adjustments to stay on track with your goals. 
• Retirement Planning Calculators: Retirement planning calculators are proficient in analysing your ideal retirement corpus requirement, considering your current income, inflation, and expected lifestyle after retirement.

Investment Options to Get a Monthly Pension of Rs. 10,000

Here are some of the best investment plans to consider if you're exploring how to get a monthly pension of ₹10,000:

1.  Pension Plans

   Pension plans like annuity or guaranteed income plans are designed to provide a regular income after retirement. These plans offer assured returns, helping you build a retirement corpus.

   • Annuity Plans: Offer fixed payouts either for life or for a specific period.
   • Immediate Annuity: You invest a lump sum and start receiving income right away.
   • Guaranteed Pension Plans: Provide assured returns with a lump sum maturity benefit that can be used to generate monthly income.

2.  National Pension System (NPS)

   NPS is a government-backed retirement scheme allowing investments in equity, debt, and government securities.

   • You can choose your fund manager and asset allocation based on your age and risk profile.
   • Regular contributions help build a corpus that can be partially withdrawn at retirement. The rest is used to purchase an annuity for a monthly pension.
   • With consistent investment, it's possible to receive Rs. 10,000 per month post-retirement.

3.  Mutual Funds 

   Mutual funds, especially through Systematic Investment Plans (SIPs), can help accumulate a significant corpus over time.

   • SIPs involve investing a fixed amount regularly, leveraging the power of compounding.
   • Depending on your risk profile, you can choose from equity, debt, or hybrid funds.
   • A well-planned SIP strategy can generate enough returns to support a Rs. 10,000 monthly income in retirement.

4.  Post Office Monthly Income Scheme (POMIS)

   POMIS is a low-risk, government-backed scheme offering a fixed monthly income.

   • Tenure: 5 years
   • Interest Rate: 7.4% p.a. (as of June 2025)
   • Ideal for conservative investors seeking assured monthly payouts.
   • Returns are taxable.

5.  Senior Citizen Savings Scheme (SCSS)

   SCSS is a reliable option for individuals aged 60+.

   • Interest Rate: 8.20% p.a. (for April–June 2025)
   • Tenure: 5 years (extendable by 3 years)
   • Investment Limit: The maximum investment amount is Rs. 30 lakhs, with a minimum investment amount is Rs. 1,000. 
   • Tax Benefits: Offers quarterly payouts and tax benefits under Section 80C.
   • TDS Rule: TDS is applicable if the quarterly interest payout exceeds ₹50,000 per financial year. Investors may submit Form 15H to avoid TDS.

6.  Pradhan Mantri Vaya Vandana Yojana (PMVVY)

   PMVVY is designed for senior citizens seeking fixed monthly pensions. It provides a guaranteed income with minimal risk. 

   • Interest Rate: 7% - 8% p.a.
   • Maximum and Minimum Investment: ₹15 Lakh (per senior citizen) with a minimum Investment of ₹1,50,000 for a monthly pension.
   • Eligibility Criteria: Available only to individuals aged 60 years and above
   • Taxable Income: The guaranteed ₹10,000/month income is a taxable component of the senior citizen's overall income.

7.  Employee Provident Fund (EPF)

   EPF is a compulsory savings scheme for salaried individuals.

   • Both the employer and the employee contribute monthly.
   • The accumulated corpus earns guaranteed returns
   • At retirement, the corpus can be used to generate a pension or annuity
   • Offers tax benefits and stable post-retirement income

8.  Unified Pension Scheme (UPS)

   The Unified Pension Scheme (UPS) benefits central government employees under NPS, effective April 1, 2025. A minimum monthly pension of Rs. 10,000 for eligible central government employees who have completed at least 10 years of qualifying service. For those with 25 years or more of service, the pension is 50% of the average basic pay drawn in the last 12 months before retirement. For service between 10 and 25 years, the payout is proportionate.

   • Spouse receives 60% of the last pension drawn upon the pensioner's demise.
   • Payouts are indexed to inflation.
   • Available to central government employees under NPS, including recruits from April 1, 2025.
   • Combines NPS flexibility with a guaranteed minimum pension.

9.  Atal Pension Yojana (APY)

   The APY is a government-backed pension scheme for workers in the unorganised sector.

   • Eligibility: Indian citizens between 18 and 40 years of age, with a savings bank account, and not an income tax payer (from October 1, 2022).
   • Guaranteed Pension: Subscribers receive a guaranteed minimum monthly pension of Rs. 1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000, or Rs. 5,000 after attaining 60 years of age, depending on their contributions.
   • Contribution: Contributions are made monthly, quarterly, or half-yearly through auto-debit from the savings account. The government co-contributes 50% of the subscriber's contribution or Rs. 1,000 per annum (whichever is lower) for eligible subscribers who joined before March 31, 2016, for a period of 5 years.
   • Benefits: Provides financial security in old age, family pension to the spouse (50% of the subscriber's pension) upon the subscriber's death, and return of the accumulated corpus to the nominee if both the subscriber and the spouse pass away.

10.  Pradhan Mantri Shram Yogi Maan-Dhan

    The Pradhan Mantri Shram Yogi Maan-Dhan is a voluntary and contributory pension scheme for unorganised workers.

    • Eligibility: Unorganised workers aged 18-40 years, with a monthly income of Rs. 15,000 or less, not covered by EPFO, ESIC, or NPS (Government funded), and not an income tax payer. They should possess an Aadhaar card and a savings bank account/Jan Dhan account.
    • Assured Pension: Subscribers receive a minimum assured pension of Rs. 3,000 per month after attaining 60 years of age.
    • Contribution: Monthly contributions range from Rs. 55 to Rs. 200, depending on the entry age, with the Central Government making a matching contribution.
    • Benefits: Old age protection, social security, family pension (50% to spouse) upon the subscriber's death. Flexible exit provisions are also available.

11.  National Pension Scheme for Traders and Self-Employed Persons (NPS-Traders)

    This scheme is specifically designed for small shopkeepers, retail traders, and self-employed persons.

    • Eligibility: Self-employed individuals and traders aged 18-40 years, with an annual turnover not exceeding Rs. 1.5 crore. Excludes those already enrolled in PM-SYM, PM-Kisan Maan-Dhan Yojana, or those who are income taxpayers.
    • Assured Pension: Provides a minimum assured monthly pension of Rs. 3,000 after attaining 60 years.
    • Contribution: Monthly contributions vary between Rs. 55-200, with an equal matching contribution from the Central Government.
    • Benefits: Financial security in old age, family pension (50% to spouse) upon the subscriber's death.

Tools to Help You Plan Your Retirement Better

Knowing where to invest is just one part of the equation. Using the right tools can make retirement planning much easier and more accurate. Here are some helpful tools to guide your journey:

• Retirement Calculator: Estimate how much corpus you’ll need for a ₹10,000 monthly pension based on your current age, expected inflation, and retirement age.
• SIP Calculator: Find out how much you need to invest monthly to reach your retirement goal with mutual funds.
• Annuity Calculator: Calculate the monthly income you can receive by investing a lump sum in an annuity plan.
• NPS Calculator: See the maturity amount and pension you can receive through regular NPS contributions.

Using these tools helps you make informed decisions, track your progress, and stay aligned with your financial goals.

Final Thoughts

Planning early and choosing the right investment mix is key to securing financial freedom in retirement. Whether through NPS, annuity plans, or mutual funds, disciplined investing can help you achieve a steady income. Wondering how to get a monthly pension of Rs. 10,000? Start today with a clear goal, consistent contributions, and smart portfolio choices tailored to your needs.