Annuity Calculator
Payout and value of a fixed annuity.
Enter your values
Enter the monthly contribution in $.
Enter the annual return in %.
Enter the years contributing you are working with.
Enter the payout years you are working with.
Results update instantly as you type — no submit needed. Your values are remembered on this device, and the shareable link reopens the calculator with exactly these numbers.
- Monthly income in payout phase
- $1,356.32
- Value at start of payout
- $205,516.83
- Total contributed
- $120,000.00
- Growth earned
- $85,516.83
- Total income received
- $325,516.83
Quick answer
An annuity converts a lump sum into a stream of payments; the payout depends on the balance, the rate and the payout period.
FV = PMT × ((1+r)^n − 1) / r
At a glance
| What it does | Payout and value of a fixed annuity. |
|---|---|
| Category | Finance |
| Inputs needed | Monthly contribution, Annual return, Years contributing, Payout years |
| Main output | Monthly income in payout phase |
| Formula | FV = PMT × ((1+r)^n − 1) / r |
| Cost | Free — no sign-up, no download |
How to use the Annuity Calculator
- 1Enter your monthly contribution and expected return.
- 2Set how many years you will contribute.
- 3Set how many years you want income for.
Inputs explained
- Monthly contribution($)
- Enter the monthly contribution in $.
- Annual return(%)
- Enter the annual return in %.
- Years contributing
- Enter the years contributing you are working with.
- Payout years
- Enter the payout years you are working with.
Worked example
Using the values the calculator loads with:
Inputs
- Monthly contribution500 $
- Annual return5 %
- Years contributing20
- Payout years20
Results
- Monthly income in payout phase$1,356.32
- Value at start of payout$205,516.83
- Total contributed$120,000.00
- Growth earned$85,516.83
- Total income received$325,516.83
Frequently asked questions
Are annuity returns guaranteed?
Fixed annuities guarantee a rate; variable annuities do not. This tool models a fixed assumed return.
What happens if I live longer than the payout period?
A life annuity pays until death; a period-certain annuity stops, which is what this model assumes.
What do I need to enter into the Annuity Calculator?
Just 4 values: monthly contribution, annual return, years contributing, payout years. Every field starts with a realistic example, so you can change one number at a time and watch the result update instantly.
How does the Annuity Calculator work out the answer?
An annuity converts a lump sum into a stream of payments; the payout depends on the balance, the rate and the payout period. It applies the formula FV = PMT × ((1+r)^n − 1) / r and shows the working so you can check each step by hand.
Is the Annuity Calculator free, and do I need an account?
It is completely free with no sign-up, no download and no usage limit. Everything is calculated in your browser, so the numbers you type never leave your device.
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.