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Retirement

Annuity Payout

Income a lump sum can produce over a fixed number of years.

Your numbers

$
%

Payment

$2,223.33

Annual income$26.7K
Total paid out$667K
Interest earned over payout$267K
Annual income
$26,680
Total paid out
$666,999
Interest earned over payout
$266,999

This models a plain payout from a pot of money at a fixed rate. Real annuity contracts add fees, surrender charges, and rider costs, so compare the contract's guaranteed number to this one.

In plain English

Annuity Payout explained simply

An annuity turns one big pile of money into a steady paycheck. This shows how big that paycheck can be and how long it lasts.

For example

$500,000 earning 4% could pay roughly $3,000 a month for about 25 years before it runs out.

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