Annuity Payout Calculator
Calculate regular withdrawal amounts and duration for your annuity investments
Calculate Annuity Payout
Set a specific time period for guaranteed payments
Present value of your annuity
Expected annual return rate
Annuity Payout Results
Formula used: PMT = PV / [((1 - (1 + r)^-n) / r)]
Periodic Rate: 0.4167% per monthly
Total Periods: 120
Payment Schedule Preview (First 12 Periods)
| Period | Starting Balance | Interest Earned | Payment | Ending Balance |
|---|---|---|---|---|
| 1 | $100000.00 | $416.67 | $1060.66 | $99356.01 |
| 2 | $99356.01 | $413.98 | $1060.66 | $98709.34 |
| 3 | $98709.34 | $411.29 | $1060.66 | $98059.97 |
| 4 | $98059.97 | $408.58 | $1060.66 | $97407.90 |
| 5 | $97407.90 | $405.87 | $1060.66 | $96753.11 |
| 6 | $96753.11 | $403.14 | $1060.66 | $96095.60 |
| 7 | $96095.60 | $400.40 | $1060.66 | $95435.34 |
| 8 | $95435.34 | $397.65 | $1060.66 | $94772.33 |
| 9 | $94772.33 | $394.88 | $1060.66 | $94106.56 |
| 10 | $94106.56 | $392.11 | $1060.66 | $93438.02 |
| 11 | $93438.02 | $389.33 | $1060.66 | $92766.69 |
| 12 | $92766.69 | $386.53 | $1060.66 | $92092.56 |
Example Calculation
Fixed Length Annuity Example
Initial Balance: $100,000
Annual Interest Rate: 5%
Payment Frequency: Monthly
Length: 10 years
Calculation
Monthly Rate = 5% ÷ 12 = 0.4167%
Total Periods = 10 × 12 = 120 months
PMT = $100,000 ÷ [((1 - (1.004167)^-120) ÷ 0.004167)]
Monthly Payment = $1,060.66
Total Interest = $27,279.20
Annuity Payout Options
Fixed Length
Set specific time period
Guaranteed payments for chosen duration
Fixed Payment
Set withdrawal amount
Payments until balance depleted
Life Only
Payments for life
Based on life expectancy
Annuity Tips
Consider inflation when setting payment amounts
Higher interest rates provide more income
Fixed length provides predictable timeline
Fixed payments offer income control
Low payments may never deplete balance
Understanding Annuity Payouts
What is an Annuity Payout?
An annuity payout is the regular withdrawal of funds from an annuity account. The payout phase begins after you've accumulated funds during the accumulation phase. You can choose different payout options based on your financial needs and retirement goals.
Types of Payouts
- •Fixed Length: Guaranteed payments for a specific period
- •Fixed Payment: Set withdrawal amount until balance is depleted
- •Life Only: Payments guaranteed for your lifetime
- •Lump Sum: Withdraw entire balance at once
Payout Formula Explanation
PMT = PV / [((1 - (1 + r)^-n) / r)]
- PMT: Regular payment amount
- PV: Present value (initial balance)
- r: Periodic interest rate
- n: Total number of payment periods
Important: This calculator provides estimates. Actual annuity payouts may vary based on fees, market conditions, and specific contract terms.