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