Annuity Calculator

Convert a lump sum into a stream of monthly income over a fixed period.

Instant results Private — runs in your browser Updated January 1970

Inputs

$
%
Monthly income
$1,649.89
Total paid over period: $395,973.44
Total payments
$395,973.44
Interest earned
$145,973.44
Number of payments
240

How it works

Standard annuity-payout formula: PMT = P × r / (1 − (1+r)⁻ⁿ), monthly compounding.

Frequently asked questions

Is this a quote?

No — these are educational ballpark estimates. For an actual quote, talk to a licensed agent or run a comparison platform.

Term or whole life?

Term is usually best for most families — cheap, simple, and right-sized to the working years. Whole life is far pricier and suits niche estate planning.

How much coverage do I need?

A common rule is 10–12× annual income, but DIME (Debts, Income, Mortgage, Education) gives a sharper number.

What's an HSA?

A Health Savings Account paired with a high-deductible plan — triple tax-advantaged for qualified medical expenses.

What's the elimination period on disability?

The waiting time before benefits start. Longer waits lower premiums.

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Coverage to replace lost income.

Results are estimates for educational purposes only and are not financial advice. Verify with a qualified professional before making decisions.

Last updated January 1970