Annuity Payout Calculator
Calculate the monthly payment from a fixed annuity, given the lump sum, term, and assumed interest rate.
Inputs
Monthly payout
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Annual payout
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Initial income yield
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Total received over term
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Interest portion
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About Annuity Payout Calculator
Fixed vs variable annuity
Fixed = guaranteed rate, conservative. Variable = invested in subaccounts, market-dependent. Indexed = capped exposure to market index. Fees on variable/indexed annuities are often 2-4% — read the contract carefully.
Life annuity benefit
A single-premium immediate annuity (SPIA) pays for life. Mortality credits make payout often higher than self-funded withdrawals — at the cost of irrevocability and loss of inheritance.
Inflation risk
Most fixed annuities pay a level dollar amount. 3% inflation cuts purchasing power in half in 24 years. Inflation-adjusted (TIPS-like) annuities exist but start at much lower payouts.