This immediate annuity calculator can help you figure out the fixed payments you'll receive from this type of retirement investment over time. An immediate annuity is a retirement income investment option typically offered by insurance companies. With this type of annuity, a large sum of money, or premium, is paid in exchange for a stream of income, which continues for as long as you live. This calculator provides the user with monthly, quarterly, as well as annual payments.
The variables used in our online calculator are defined in detail below, including how to interpret the results.
Amount Available to Invest ($)
This is the amount of money you're willing to invest in this annuity. This is the starting balance, principal, or present value of the annuity.
Annual Interest Rate (%)
This is the annual rate of interest provided by the writer of the immediate annuity, which is typically an insurance company.
Life Expectancy (Years)
This is the number of years over which the annuity is expected to be paid. With an immediate annuity, this is the number of years you're expected to live and collect payments from the annuity.
This annuity calculator provides the user with three different annuity payments: monthly, quarterly, as well as an annual payment arrangement. This tool provides a calculation of an ordinary annuity, which is also referred as annuity-immediate. With this type of annuity, payments are made at the end of each period.
Immediate Annuity Calculator - Copyright © 2008 - 2011 Money-Zine.com
Disclaimer: These online calculators are made available and meant to be used as a screening tool for the investor. The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances. You should always obtain personal advice from qualified professionals.
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