An annuity turns a lump sum into a stream of equal payments over time, which is how pensions, structured settlements, and retirement withdrawals often work. This calculator uses the ordinary annuity formula to find the fixed periodic payment that a present value can support given an interest rate and a number of periods. Enter the starting principal, the annual interest rate, the payment frequency, and the term in years, and it returns the payment amount per period, the total of all payments, and the total interest the annuity generates. It is useful for planning how much a savings pot can pay you each month in retirement, or checking the payout of an annuity product. The math assumes payments at the end of each period. All calculations run locally in your browser.
It finds the fixed periodic payment a lump sum can provide over a set term, using the present value of an annuity formula.
A higher rate lets the same lump sum support larger payments, since the unpaid balance keeps earning interest between payouts.
Yes. Enter a present value, rate and term, and the tool returns the level payment that fully draws it down.
An annuity turns a lump sum into a stream of equal payments over time, which is how pensions, structured settlements, and retirement withdrawals often work. This calculator uses the ordinary annuity formula to find the fixed periodic payment that a present value can support given an interest rate and a number of periods.
Yes. Annuity Payment Calculator is completely free, with no sign-up and no usage limits.
Yes. Annuity Payment Calculator runs in any modern web browser. There is nothing to download or install.
Yes. Annuity Payment Calculator runs entirely on your device in your browser, so nothing you enter is uploaded to a server.