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Turn a lump sum into steady monthly income — or see what steady contributions grow into over time.
Models a fixed period-certain payout: the balance keeps earning while equal monthly payments draw it to zero.
The balance declines slowly at first because interest offsets much of each payment — then accelerates toward zero at year 20.
An annuity is a contract with an insurer that either pays out a lump sum as guaranteed income (the payout phase) or grows contributions at a stated rate (the accumulation phase). Real annuity quotes vary with age, fees, riders, and prevailing interest rates, so many investors treat calculators like this one as a first approximation before comparing actual contracts.
Worth connects your real accounts and runs the numbers for you — budgets, net worth, goals, and an AI assistant.
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