Annuity Payout Calculator
Calculate how much you'll receive in regular payments from your annuity.
Payment amount
$3,030
Monthly
Total payouts
$727,176
Interest earned
$227,176
Payout composition
Principal(68.8%)
Interest earned(31.2%)
Principal
Interest earned
Balance over time
548.500,442411.375,331274.250,221137.125,110
Payout schedule
| Period | Payment | Interest | Balance |
|---|---|---|---|
| 1 | $3,030 | $1,667 | $498,637 |
| 2 | $3,030 | $1,662 | $497,269 |
| 3 | $3,030 | $1,658 | $495,897 |
| 4 | $3,030 | $1,653 | $494,520 |
| 5 | $3,030 | $1,648 | $493,138 |
| 6 | $3,030 | $1,644 | $491,752 |
| 7 | $3,030 | $1,639 | $490,361 |
| 8 | $3,030 | $1,635 | $488,966 |
| 9 | $3,030 | $1,630 | $487,566 |
| 10 | $3,030 | $1,625 | $486,161 |
| 11 | $3,030 | $1,621 | $484,752 |
| 12 | $3,030 | $1,616 | $483,338 |
| 13 | $3,030 | $1,611 | $481,919 |
| 14 | $3,030 | $1,606 | $480,496 |
| 15 | $3,030 | $1,602 | $479,067 |
| 16 | $3,030 | $1,597 | $477,634 |
| 17 | $3,030 | $1,592 | $476,197 |
| 18 | $3,030 | $1,587 | $474,754 |
| 19 | $3,030 | $1,583 | $473,307 |
| 20 | $3,030 | $1,578 | $471,854 |
| 21 | $3,030 | $1,573 | $470,397 |
| 22 | $3,030 | $1,568 | $468,935 |
| 23 | $3,030 | $1,563 | $467,469 |
| 24 | $3,030 | $1,558 | $465,997 |
| 240 | $3,030 | $10 | $0 |
What is the distribution phase?
It's when you start receiving payments from your annuity. You can choose payments for a fixed period or for life (with different amounts depending on the option).
Payment options
Period certain: payments for X years. Life: payments until you die. Life with period certain: lifetime payments with guaranteed minimum for beneficiaries.
Factors to consider
Longer payouts = smaller amounts. Lifetime payments depend on your life expectancy. Consider your health, needs, and whether you want to leave something to heirs.