Your Result
About the Annuity Payout Calculator
This calculator determines how much income an annuity pays out over a chosen period. Enter your balance, interest rate, and payout term to see the payment amount for each period. Results also show the total you receive and the interest earned along the way.
The calculation uses the standard annuity payment formula, P x r x (1+r)^n / ((1+r)^n - 1), where P is the account balance, r is the periodic interest rate, and n is the number of payments. You provide the starting balance, annual rate, payout length in years, and payment frequency. Shorter terms produce larger payments, while longer terms stretch the same balance across more checks. For decisions about real contracts, consider speaking with a financial professional.
- Enter your annuity balance and the expected annual interest rate.
- Choose the payout length in years and how often you want payments.
- Click calculate and review the periodic payment, totals, and interest.