MasterTool

Annuity Payout Calculator

Calculate annuity payout from your own entered figures.

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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.

What this tool does

Calculate annuity payout from your own entered figures. PERIOD-CERTAIN ONLY: the payout runs for exactly the term entered and then stops. This is not a lifetime annuity — no mortality or life-expectancy tables are used, and insurer quotes will differ.

How to use the Annuity Payout Calculator

  1. Enter or select annuity principal / purchase amount.
  2. Enter or select annual interest rate (%).
  3. Enter or select payout term (years, period-certain).
  4. Read the calculated result; change any measurement to compare alternatives.

Formula

period-certain monthly payout = P × i/(1 − (1+i)^−n), with i = annual rate/12 and n = years × 12 monthly payments
principal
Annuity principal / purchase amount
rate
Annual interest rate (%)
years
Payout term (years, period-certain)

PERIOD-CERTAIN ONLY: the payout runs for exactly the term entered and then stops. This is not a lifetime annuity — no mortality or life-expectancy tables are used, and insurer quotes will differ.

Worked example

For annuity payout calculator, the following measurements illustrate the exact method: Annuity principal / purchase amount: 100000; Annual interest rate (%): 4; Payout term (years, period-certain): 10.

Inputs

  • Annuity principal / purchase amount100000
  • Annual interest rate (%)4
  • Payout term (years, period-certain)10

Result

  • Monthly payout (period-certain)$1,012.45
  • Total paid out over the term$121,494.17
  • Interest portion of total payouts$21,494.17

Results explained

Monthly payout (period-certain)
Monthly payout (period-certain) from the formula above. PERIOD-CERTAIN ONLY: the payout runs for exactly the term entered and then stops. This is not a lifetime annuity — no mortality or life-expectancy tables are used, and insurer quotes will differ.
Total paid out over the term
Total paid out over the term from the formula above. PERIOD-CERTAIN ONLY: the payout runs for exactly the term entered and then stops. This is not a lifetime annuity — no mortality or life-expectancy tables are used, and insurer quotes will differ.
Interest portion of total payouts
Interest portion of total payouts from the formula above. PERIOD-CERTAIN ONLY: the payout runs for exactly the term entered and then stops. This is not a lifetime annuity — no mortality or life-expectancy tables are used, and insurer quotes will differ.

Frequently asked questions

period-certain monthly payout = P × i/(1 − (1+i)^−n), with i = annual rate/12 and n = years × 12 monthly payments

PERIOD-CERTAIN ONLY: the payout runs for exactly the term entered and then stops. This is not a lifetime annuity — no mortality or life-expectancy tables are used, and insurer quotes will differ.

No. All numbers are entered by you or come from the dated reference table shown on this page; calculations run locally.

This is an estimate, not financial, tax or legal advice. Verify the inputs and output with official sources and a qualified professional.

Check period consistency, currency, percentage inputs and the assumptions: PERIOD-CERTAIN ONLY: the payout runs for exactly the term entered and then stops. This is not a lifetime annuity — no mortality or life-expectancy tables are used, and insurer quotes will differ.