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How To Get 2 Lakh Pension Per Month?
A secured retirement requires making smart investments that ensure a steady income for the future. Achieving a ₹2 lakh monthly pension can give you the confidence to live a comfortable life after retirement. To reach this goal, you need a disciplined and diversified approach, which includes making the right investments in NPS, Annuity Plans, SIPs, and other pension options.
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- How To Get 2 Lakh Pension Per Month?
How To Earn 2 Lakh Monthly Pension?
There is no shortcut to achieving this feat. If you keep investing for a long period, you can retire with Rs 2 lakh monthly pension.
Here are some tips for you:
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Start Early
It’s never too soon to start planning for retirement. The earlier you start, the longer your investments have to grow, giving you the benefit of compounding and reducing the need to save large sums in the later years. Early planning also allows you to take advantage of long-term retirement schemes like NPS.
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Leverage Government-Backed Schemes
Government schemes like the National Pension System (NPS)offer excellent returns and tax benefits, and can form the foundation of your pension plan. By contributing regularly to PPF or EPF as well, you can build a strong retirement corpus, which will help you achieve a ₹2 lakh monthly pension.
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Utilize Tax Benefits
Don’t miss out on tax-saving opportunities for your retirement investments. Many retirement schemes, including NPS and Pension Annuity Plans, offer tax advantages. This allows you to maximize your savings and contribute more to your retirement fund.
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Invest in Pension Annuity Plans
Annuity Plans are designed to provide regular income after retirement. By investing in a reliable annuity plan with a decent lump sum contribution, you can ensure a stable monthly pension. These plans offer guaranteed returns and a fixed income, which is essential for meeting your ₹2 lakh per month target.
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Prioritize Consistent Saving
Managing your expenses wisely is crucial to building the right retirement fund. Regularly invest in SIPs (Systematic Investment Plans) or Mutual Funds, focusing on long-term growth. These funds can help grow your corpus significantly, giving you the financial foundation you need for a ₹2 lakh monthly pension.
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Diversify and Track Your Investments
Relying on a single investment avenue can increase risk over the long term. Diversifying your retirement corpus across options such as ULIPs, fixed deposits, mutual funds, real estate, and guaranteed pension plans helps balance returns and stability. Regularly tracking and reviewing these investments ensures your portfolio stays aligned with your retirement income goals and adapts to changing financial needs.
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Plan Your Expenses
It is important to plan your expenses carefully and maintain a balanced lifestyle. Avoid unnecessary expenses and prioritize your savings to achieve your goal of a 20k pension monthly.
Investment Options to Get 2 Lakhs Pension per Month
Here are some investment options to consider for securing a high pension amount:
| Investment Option | Description | Potential Monthly Pension |
| National Pension Scheme (NPS) | Government-sponsored pension scheme that offers two options: Tier-I and Tier-II accounts. | By making substantial contributions to your NPS account, you may be able to generate a monthly pension of 2 lakhs. |
| Fixed Deposits (FDs) | Fixed deposits offered by banks and financial institutions where you can invest a lump sum amount for a fixed tenure at a fixed interest rate. | By choosing a high-yield FD with longer tenure and reinvesting the interest. |
| Mutual Funds | Professionally managed investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities. | By investing in a well-diversified portfolio of mutual funds and opting for systematic withdrawal plans (SWP), you may be able to generate a monthly income. |
| Real Estate | Long-term investment option that can generate regular rental income. | By investing in properties that provide high rental yields and have the potential for appreciation over time. |
| Annuity Plans | Insurance-based pension plans that provide regular income after retirement. | By investing a significant amount in an annuity plan. |
| SIP | An investment method where you invest a fixed amount at regular intervals in typically monthly. | By investing in SIPs of investment funds with a target to accumulate a substantial corpus over time, you can generate a monthly pension. |
| ULIPs | Insurance-cum-investment plans that offer market-linked returns and life insurance coverage. | By investing in ULIPs with a suitable investment strategy and tenure, you may be able to accumulate enough wealth. |
| Pension Plans with Guaranteed Returns | Insurance or investment plans that offer guaranteed returns on your investment with a pension benefit. | By investing in pension plans with guaranteed returns, you may be able to secure a fixed monthly pension. |
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Best Pension Plans in India 2025~
Here are some of the best pension plans in India available in the market:
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Aditya Birla Sun Life Empower Pension Plan
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Bajaj Life Life LongLife Goal
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Bajaj Life Pension Guaranteed Pension Plan
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HDFC Life Click 2 Retire
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ICICI Pru Easy Retirement Plan
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IndiaFirst Life Guaranteed Annuity Plan
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Kotak Premier Pension Plan
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LIC Jeevan Akshay 7 Pension Plan
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LIC New Jeevan Shanti Pension Plan
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Max Life Forever Young Pension Plan
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Max Life Guaranteed Lifetime Income Pension Plan
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Reliance Immediate Annuity Pension Plan
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Reliance Smart Pension Plan
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SBI Life Saral Retirement Saver
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Tata AIA Life Guaranteed Monthly Income Plan
Use of Pension Calculator
With a pension calculator, you can get an idea of how much you need to save each month to reach your desired retirement income goal. By regularly reviewing your results and making adjustments to your savings plan, you can ensure that you are on track to achieve your retirement goal.
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Wrapping It Up!
Securing a monthly pension of 2 lakhs demands careful planning, and smart investment choices. It is important to start early and consistently contribute to a well-diversified investment portfolio that aligns with your risk tolerance and financial goals.
FAQ's
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Is it possible to receive a pension of 2 lakhs per month?
Yes, it is possible to receive a pension of 2 lakhs per month, depending on various factors such as the employer, years of service, and retirement benefits. However, it would require a significant contribution to a pension plan or retirement scheme. -
Can I combine multiple investment options to achieve a monthly pension of 2 lakhs?
Yes, combining multiple investment options can potentially help you achieve a monthly pension of 2 lakhs. -
How can I calculate or estimate the amount of investment or savings required to generate a pension of 2 lakhs per month?
Using a pension calculator can help estimate the amount of investment or savings required to generate a pension of 2 lakhs per month. -
What are some potential sources of income that can contribute to a pension of 2 lakhs per month?
Some potential sources of income that can contribute to a pension of 2 lakhs per month may include retirement savings from a pension plan, investments in real estate, stocks, bonds, mutual funds, or other high-yield investments, or a combination of multiple income sources.
Insurers Offering Pension Plans
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
insurance product offered by an insurer.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.