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Annuity payout calculator

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Use this annuity payout calculator to see the payment a balance can support for a set number of years, or how long that balance lasts if you take a set payment.

Fixed length

Enter the balance, the annual return, and how long the payouts should last. The result is the payment at the end of each period.

%

Annual return. It compounds once per payout period.

years

Decimals are allowed, such as 10.5.

Fixed payment

Enter the balance, the annual return, and the payment you want each period. The result is how long the balance lasts.

%

Annual return. It compounds once per payout period.

The return compounds once per payout period at the rate that matches the annual rate you enter. Payments are taken at the end of each period. If the term stops partway through a period, the last payment is smaller. A payment that does not exceed the return each period never uses up the balance. These figures are estimates for planning, not a quote or tax advice.

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