Annuity Calculator
Payout and value of a fixed annuity.
Enter your values
ⓘ Live results
Results
- Monthly income in payout phase
- $1,356.32
- Value at start of payout
- $205,516.83
- Total contributed
- $120,000.00
- Growth earned
- $85,516.83
- Total income received
- $325,516.83
Quick answer
An annuity converts a lump sum into a stream of payments; the payout depends on the balance, the rate and the payout period.
FV = PMT × ((1+r)^n − 1) / r
How to use the Annuity Calculator
- 1Enter your monthly contribution and expected return.
- 2Set how many years you will contribute.
- 3Set how many years you want income for.
Worked example
Using the values the calculator loads with:
Inputs
- Monthly contribution500 $
- Annual return5 %
- Years contributing20
- Payout years20
Results
- Monthly income in payout phase$1,356.32
- Value at start of payout$205,516.83
- Total contributed$120,000.00
- Growth earned$85,516.83
- Total income received$325,516.83
Frequently asked questions
Are annuity returns guaranteed?
Fixed annuities guarantee a rate; variable annuities do not. This tool models a fixed assumed return.
What happens if I live longer than the payout period?
A life annuity pays until death; a period-certain annuity stops, which is what this model assumes.
About this calculator
- Built and reviewed by James Whitfield · How we build and test calculators
- Report an error
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.