Annuity Payout Calculator
Calculate the monthly payout from a fixed annuity that depletes the principal over the term. Free and accurate.
- Monthly payout
- 3299.78
- Total payout
- 791946.89
How to use
- Enter the annuity principal.
- Enter the annual interest rate and the payout term in years.
- Read the monthly payout and the total paid out over the term.
Examples
- $500,000 at 5% / 20 yr:
monthly payout $3,299.78 - Total over term:
$500,000 at 5% / 20 yr → $791,946.89
FAQ
- How is the monthly payout calculated?
- It uses the amortization formula: Payout = P·r·(1+r)^n / ((1+r)^n − 1), where P is the principal, r is the monthly rate (annual ÷ 12 ÷ 100), and n is the number of months. The principal is fully depleted by the end of the term.
- What is the total payout?
- The total amount paid out over the entire term — the monthly payout multiplied by the number of months.
- Does it work for a 0% annuity?
- Yes. At 0% the monthly payout is simply the principal divided by the number of months.