How APY Calculator Works

The Atal Pension Yojana (APY) calculator helps you estimate your monthly pension after retirement based on your contributions. By entering your age, contribution amount, and retirement age, the calculator shows your expected monthly pension, total contribution, and government co-contribution.

Input Fields Explained:

• Current Age: Your present age. Determines contribution duration.
• Monthly Contribution (₹): Amount you plan to contribute every month.
• Years to Retirement: Number of years remaining until retirement (usually 60 years).
• Government Co-Contribution (%): Optional government contribution (usually 50% of contribution for eligible accounts).

Output Fields Explained:

• Total Contribution: Total money you contribute until retirement.
• Government Co-Contribution: Contribution by the government to boost your pension (if applicable).
• Estimated Monthly Pension: The expected monthly pension you will receive after retirement.
• Total Wealth Accumulated: Total corpus accumulated including contributions, interest, and government co-contribution.
• Year-wise Breakdown Table: Shows how your contribution grows year by year until retirement.

Example:

Suppose you are 30 years old and plan to contribute ₹500 per month under APY. You have 30 years to retirement. If the government co-contribution is 50% of your contribution for the first 5 years, your total contribution will be ₹1,80,000, government co-contribution ₹15,000, and estimated monthly pension at retirement will be around ₹5,000. The year-wise table will show your corpus growing gradually with monthly contributions and interest.

Why Use APY Calculator?

• Plan your retirement effectively and understand required contributions.
• See the impact of government co-contribution on your pension corpus.
• Track growth of your investments over time with year-wise breakdown.
• Make informed decisions to secure a stable financial future after retirement.