Annuity Calculator
Calculate annuity payout and payment. Enter principal, interest rate, and term. Get annual payment, total payout, and total interest. Informational only—consult a financial advisor. Explore more tools on free calculators on CalculatorBolt.
Calculator
Annual Payment
Total Payout
Total Interest
How it works
Annual Payment = Principal × [r × (1+r)^t] / [(1+r)^t − 1]. We calculate the fixed annual payment for a given term and total payout/interest.
Inputs explained
Annuity Principal, Annual Interest Rate, Payout Term (Fixed Years or For Life), Years.
Example
Principal=$200,000, Rate=5%, Years=20 → Annual Payment≈$16,045; Total Payout≈$320,900; Interest≈$120,900.
Tips & notes
- Annuities provide guaranteed income for a fixed period or life.
- Higher interest rates increase annual payments.
- Consider inflation and taxes when planning annuity purchases.
FAQs
A financial product that provides a series of payments over time in return for a lump sum.
Using the present value of an ordinary annuity formula. The calculator does this automatically.
Fixed annuities with guaranteed payments. Variable annuities fluctuate with market performance.
No. Everything runs in your browser. Use Export or Share Link to save.
Disclaimer
Informational estimate only. Does not account for fees, taxes, or inflation. Consult a qualified financial advisor for personalized advice.
Related Calculators
Author: CalculatorBolt Editorial Team
Reviewed by: Finance/Investing Editor
Published: • Updated: