Annuity Payout Calculator

Use this free annuity payout calculator to estimate fixed payment amount, total paid, and estimated interest from a starting balance, rate, payout term, and payment frequency.

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Formula steps Estimate limits shown Examples included Private history

Starting balance ($)Annual rate (%)Payout time (years)Payments per year

Estimated payout per period$659.96

$100,000 over 20 years with 240 payments

Total paid out: $158,389.38
Estimated interest: $58,389.38
Payments: 240
Payments per year: 12

This is a math estimate and not an annuity contract quote.

Formula steps

Convert the annual rate to a periodic rate.
Use the fixed annuity payout formula to spread the balance over the payout term.
Multiply payment by payment count to estimate total paid out.
Estimated interest equals total payout minus starting balance.

How to use the annuity payout calculator

Enter the requested dollar amounts, rates, terms, tax settings, or contribution details.
Use rates as percentages, such as 6.5 for 6.5%, and check whether a field asks for a monthly or annual amount.
Press the calculate button to see the answer, supporting metrics, and formula steps.
Use the result as a planning estimate only, then copy it if the assumptions look right.

Common uses

Estimate a fixed monthly payout from a lump sum.

Compare payout periods such as 10, 15, or 20 years.

See total payout and interest implied by the rate assumption.

Check annuity math examples without using personal information.

Examples

$100k payout $100,000 balance, 5%, 20 years, monthly

Estimated monthly payout

Annual payout $75,000, 4%, 15 years, annual

Estimated yearly payout

Short payout $50,000, 3.5%, 10 years

Higher payment over a shorter term

Frequently asked questions

Plain-language answers about when to use the estimate, what your numbers mean, what is left out, and how privacy works.

When should I use the Annuity Payout Calculator?

Use it for early planning and side-by-side comparisons, especially for tasks like these: Estimate a fixed monthly payout from a lump sum. Compare payout periods such as 10, 15, or 20 years. Treat the answer as a planning estimate, not a final quote.

What is the Annuity Payout Calculator doing with my numbers?

In plain language: The calculator converts annual rate to a periodic rate, then uses the present-value annuity payout formula to spread the balance over the selected payment count. If the result seems too high or too low, first check whether each field expects a monthly amount, annual amount, dollar value, or percent.

What does this estimate leave out?

This is a simplified fixed-rate drawdown. It does not include insurance company pricing, guarantees, fees, surrender charges, taxes, riders, inflation adjustments, or contract terms. Real finance decisions can also depend on fees, timing, local rules, credit details, and provider-specific terms.

Does the site save my finance inputs?

No. The calculator runs in your browser tab. Recent answers stay only on the page while you use it, and they are not sent to a server.