Annuity Payment Calculator
Find the regular payment that turns a lump sum into income.
Payment per period
$660
Per month for 240 months
Total received
$158,389
Total interest
$58,389
About
An annuity converts a lump sum into a stream of equal payments. Useful for retirement planning, structured settlements, or figuring out how much you can withdraw each month from a savings account at a given rate.
How to use
- Enter the lump sum you're starting with.
- Enter the annual interest rate and the number of years you want payments.
- Pick monthly or annual payments.
- See the payment amount and total received.
FAQ
Is this an ordinary annuity or annuity due?+
Ordinary by default (payments at the end of each period). Toggle the option for annuity due (payments at the start).
Does it account for inflation?+
No. The payment is nominal. To get a real (inflation-adjusted) payment, subtract inflation from your interest rate before entering it.