Moneyzine
/Retirement Guides/Immediate Annuity Calculator

Immediate Annuity Calculator

Moneyzine Editor
Author: 
Moneyzine Editor
2 mins
October 4th, 2023
Advertiser Disclosure

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.

Calculator Definitions

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.

Annuity Payments

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


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.

Related Content

Are You a Financial Disaster? The Real State of Your Finances
Have you ever heard the saying, “If you don’t have a goal, then you’ll wind up hitting it with amazing accuracy.”? In other words, if you have no idea where you want to be in your future life, then it really doesn’t matter what you do because wherever you end up will match your goal…which apparently was never important enough for you to think about in the first place.
March 13th, 2024
How Much Should You Put Into Your 401k?
You might be thinking to yourself, “How much should I invest in my 401k….? Well, the more I invest, the better, right?”
March 12th, 2024
11 Steps to Transform Your Finances (For Good This Time!!)
The money comes in…the money goes out…and at the end of each month you have very little to show for all your efforts. Then, after buckling down for a bit and saving here and there, it feels like you’ve gained a little traction…until another unexpected bill comes along and takes your bank account down to nothing (or probably more likely, racks your credit card back up to the max instead of down to zero like you were fighting for). It’s time to change this. Now is the time to transform your finances.
March 11th, 2024
Should You Have a Mortgage in Retirement? The Unforeseen Adventure of Your Golden Years
Once upon a time, in a land not so far away, retirement was synonymous with mortgage-burning parties. Fast forward to today, and retiring with a mortgage is more like joining a club nobody really wanted to be a part of, but everyone seems to have a membership.
March 5th, 2024
5 Kiyosaki Hacks to Make You Rich: Are You Missing Out?
Have you ever considered the way you think about money could be the key to building your wealth?
February 22nd, 2024

Contributors

Moneyzine 2024. All Rights Reserved.