How does the annuity payout calculator work?

The Annuity Payout Calculator only calculates fixed payment or fixed length, two of the most common options. Both are represented by tabs on the calculator. Lump-Sum The lump-sum payment option allows annuitants to withdraw the entire account value of an annuity in a single withdrawal.

How often do annuities get paid?

You can customize the number of payments per year in your contract, but most annuitants receive payouts once per month or 12 times per year. The formula for calculating an annuity payout looks something like this: The type of annuity you have also plays a role in how payments are calculated.

How do I choose how annuity payouts occur?

There are several options for choosing how annuity payouts occur, and not all annuities offer every payout option. The Annuity Payout Calculator only calculates fixed payment or fixed length, two of the most common options. Both are represented by tabs on the calculator. Lump-Sum