Annuity payout calculator

Estimate a level monthly payout from a fixed principal. This is time-value-of-money math, not an insurer quote.

IndependentFreeNo sign-upSources: Standard present-value formula

Amount invested

Assumed annual rate

Payout period in years

Payment frequency

Payment timing

Estimated payment

$1,649.89

Total payout: $395,973.44 · Amount above principal: $145,973.44

Illustrative balance checkpoints
Year	Ending balance

What this estimate does not include

Real annuity quotes reflect insurer expenses, guarantees, sex where permitted, age, state, riders, surrender terms and insurer strength. A lifetime payout is not the same as amortizing a balance over a fixed term.

This calculator is for educational purposes only and is not financial, tax, or legal advice. Pensora is independent and not affiliated with the SSA, the IRS, or any government agency. For decisions about your own situation, consider a licensed financial advisor.