About This Calculator
About the Annuity Calculator
An annuity is a financial product that turns a lump-sum investment into a stream of regular income payments, often used during retirement. This calculator helps you estimate the fixed payments you can expect to receive from your annuity.
How it Works
- Annuity Principal: The total amount of money you are investing in the annuity.
- Annual Growth Rate: The estimated annual interest rate your annuity principal will earn.
- Payout Period: The number of years over which you wish to receive payments.
The calculator will show your estimated monthly payout. It also provides a detailed schedule illustrating how each payment affects your annuity's balance over time, showing the breakdown between interest earned and principal reduction.
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