Estimate a fixed payout from a starting balance, annual rate, payout term, and payment frequency, then check payment amount, total paid out, estimated interest, and payment count.
$100,000 over 20 years with 240 payments
A real annuity contract can change with insurer pricing, lifetime guarantees, fees, surrender charges, riders, taxes, and payout options.
Estimate a fixed monthly payout from a lump sum balance.
Compare payout terms such as 10, 15, 20, or 25 years.
See total payout, estimated interest, and payment count from the rate assumption.
Check clean annuity payout math before reading a real contract or quote.
$659.96 per month, about $158,389.38 total paid
$6,745.58 per year, about $101,183.74 total paid
$494.43 per month, about $59,331.52 total paid
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Plain-language answers about when to use the estimate, what your numbers mean, what is left out, and how privacy works.
Use it when you want to test the exact inputs on this page: Estimate a fixed monthly payout from a lump sum balance. Compare payout terms such as 10, 15, 20, or 25 years. The result is a check against your assumptions, not proof that a lender, tax app, broker, platform, or provider will use the same number.
Starting balance means the lump sum you want to spread across fixed payouts. Annual rate means the rate assumption used by this math model, entered as a percent such as 5 for 5%. Payout term means how many years the fixed payout should last. Payments per year means how often payments happen, such as 12 for monthly or 1 for annual.
No. This is clean fixed payout math. A real annuity quote can include insurer pricing, life expectancy assumptions, guarantee periods, rider costs, fees, surrender rules, taxes, and contract wording.
No. This page spreads a balance over a fixed number of payments. Lifetime income products can price payments using age, sex where allowed, interest rates, guarantees, survivor benefits, and insurer assumptions.
In plain language: The calculator converts the annual rate to a rate per payment period, counts the payments, then uses the present-value annuity payout formula to spread the balance across those payments. $100,000 at 5% over 20 years with monthly payments gives about $659.96 per month, 240 payments, about $158,389.38 total paid, and about $58,389.38 estimated interest.
Start with payout per period, then check total paid out, estimated interest, and payment count. A higher payout can simply mean the money runs out faster.
This is simplified fixed-rate payout math. It does not include insurance company pricing, lifetime income guarantees, mortality assumptions, fees, surrender charges, taxes, riders, inflation adjustments, market value adjustments, or contract terms. Use the insurer quote, contract, state insurance materials, tax guidance, and a qualified professional for actual annuity pricing, guarantees, fees, and withdrawal rules.
Check whether you want a fixed-term payout, lifetime income quote, annual or monthly payments, and whether the rate is only a what-if assumption before copying the result.
Payment frequency changes the rate per period and the number of payments. Monthly payments give 12 payments per year, while annual payments give only one, so the payment amount and total interest can change.
Yes. Fees, surrender charges, market value adjustments, taxes, riders, and contract limits can reduce the real money available or change when withdrawals make sense.
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.