The Annuity Calculator is intended for use involving the accumulation phase of an annuity and shows growth based on regular deposits. Please use our Annuity Payout Calculator to determine the income payment phase of an annuity.
How does a monthly annuity calculator work?
In general, the longer the insurance company expects to have to pay you, the lower your payment amounts will be. The reason you enter your age and sex in the monthly annuity calculator is to determine your life expectancy. An older person will probably receive higher payouts than a younger person.
Who is the annuity for?
A lifetime income annuity can be just for you or held jointly with a spouse. Including a spouse may increase the period of time the annuity is paid out but may also change the amount. I’d prefer income for a set number of years. This annuity type is designed to provide income for a finite number of years.
