YourMoneyPage logo

Immediate Annuity Payout Calculator

An insurance company would love to sell you an annuity. At it's simplest (and we recommend only simple annuities) an annuity works like this. You give the insurance company a pile of money. In return the insurance company guarantees to pay you a fixed amount for your life (in a joint annuity it would be for the life or you or your spouse). Fixed Annuities can be a good idea for older people who are past the age where they want to deal with investing their money themselve. The amount of money you get monthly for the annuity depends on your age when you buy it -- the older you are the more you get. Remember the insurance company is counting on you dying early!

This calculator will estimate how much you will get from an annuity today. This amount fluctuates as interest rates go up or down (the insurance company invests the money you give them).
This calculator will estimate what your income is likely to be from an Immediate Annuity*.
Your age now:
Spouse age now:
Account Balance to convert to Annuity: $
*By "Immediate Annuity" we are referring to an annuity which will pay you a guaranteed fixed amount monthly for the rest of your life (or life of you and spouse). This is the simplest type of annuity and is NOT a variable annuity. You should be extremely reticent about buying any variable annuity.