Annuity Calculator
Annuity Payout Calculator
Projected Annuity Payments
Monthly Payment
$1,250
Fixed monthly income for selected duration
Annual Payment
$15,000
Total yearly payout amount
Total Value
$300,000
Estimated total payout over lifetime
Understanding Annuities: A Complete Guide
What Is an Annuity?
An annuity is a financial product that provides guaranteed income payments, typically used for retirement planning…
Types of Annuities
- Immediate Annuities: Begin payments right after a lump sum investment
- Deferred Annuities: Grow tax-deferred until withdrawals begin
- Fixed Annuities: Offer guaranteed interest rates
- Variable Annuities: Payments vary based on investment performance
Key Benefits
Annuities provide several advantages for retirement planning:
- Lifetime income guarantees
- Tax-deferred growth
- Protection against market volatility
- Options for inflation protection
How Payments Are Calculated
Annuity payments are determined by several factors including:
- Principal amount invested
- Current interest rates
- Your age and life expectancy
- Selected payout options
- Insurance company fees