United States · Finance
Annuity Payout Calculator
Estimate a level monthly payout from a starting balance over a fixed number of years using an assumed annual return.
Interactive calculator
Estimate level annuity withdrawals
Use a starting balance, expected return, and payout period to estimate a steady monthly withdrawal from an annuity-style portfolio.
Results
Monthly payout
$2,923
Annual payout
$35,075
Lifetime payout
$876,885
Estimated growth
$376,885
Projected payout above the starting balance because of assumed return.
How to use it
- 01Enter the starting balance available for income.
- 02Set the expected annual return and the number of years the payouts should last.
- 03Review the projected monthly payout and total lifetime payout.
Result guide
- Monthly payout is the level amount that could be withdrawn each month over the chosen period under the return assumption entered.
- Annual payout converts the monthly amount into a yearly income figure for easier budgeting.
- Estimated growth shows how much of total lifetime payout comes from assumed portfolio return above the starting balance.
About this calculator
Annuity-style payout pages are useful when someone has a balance today and wants to translate it into a predictable income stream over a chosen number of years.
This type of tool is especially valuable for retirement planning because it helps connect a lump sum to an understandable monthly income figure.
Frequently asked questions
Is this the same as a guaranteed insurance annuity quote?
No. This is a planning calculator that uses your chosen return assumption; it is not an insurer quote or guarantee.
Why does a longer payout period lower monthly income?
Because the same starting balance must support withdrawals for more months, so each payment needs to be smaller unless returns are much higher.
Can I use this for drawdown planning from investments too?
Yes. It can be used as a simple level-withdrawal estimate for an investment balance, as long as you understand the return is only an assumption.
Method and limitations
This calculator uses the formula and assumptions described on this page. We do not claim independent professional review. Direct references will be listed here when they support a specific rule or data source used by this calculator.
Results are estimates for general information. Verify current rules and assumptions before making financial, tax, or health decisions.
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