Annuity Payout Calculator

This works out the income a balance supports once you start drawing it down. Enter the amount, the return you assume it keeps earning and how long the payments must last, and it returns the payment per period, the yearly income and the total paid out. Three modes cover a fixed term, a payout that has to reach a chosen age, and a level of income that lives off the return and leaves the principal alone. A lifetime payout has to assume a length of life, so the middle mode asks for the age you want covered rather than hiding a guess. The figures are arithmetic on your assumptions and are not a quote from an insurer, which would also price your age, sex, fees and any guarantee.