Annuity Payout Calculator
Find the fixed withdrawal that exhausts a starting balance over a set number of years. Choose ordinary or due timing. Figures stay on this device. Informational, not investment advice.
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How to calculate an annuity payout
- Enter the present balance you plan to draw down.
- Set the annual rate, years, and payments per year.
- Choose end for an ordinary annuity, or begin for an annuity due.
- Read the level withdrawal, total distributed, and periodic rate.
- Treat the result as arithmetic on this device, not a product quote or investment advice.
Annuity payout
Fixed withdrawal that depletes a present value
| Solve | Payment from present value at a fixed periodic rate |
|---|---|
| Ordinary PV identity | PMT = PV × r / (1 − (1+r)^−n) |
| Due adjustment | Divide ordinary payment by (1+r) |
| r | Periodic rate = annual rate / payments per year |
| n | Total payments = years × payments per year |
| Advice | Informational. Not investment advice. |
What this payout page solves
An annuity payout is the fixed withdrawal that empties a present balance over a chosen term when the balance earns a constant periodic rate. This page always solves for that payment. It does not price an insurance contract or apply mortality tables.
Formulas used
With periodic rate r and n payments, ordinary payment is PV × r / (1 − (1+r)^−n) when r is not zero. At a zero rate the payment is PV / n. Annuity due divides the ordinary payment by (1+r). Total distributed is payment times the number of periods.
Related money pages
To solve for payment, present value, or future value on the same level-payment math, use annuity. A required minimum distribution sketch for tax-deferred accounts sits on RMD. Lump-sum growth without withdrawals is on compound interest.
Use cases
Sketch how large a monthly draw a nest egg can support for a fixed horizon. Compare ordinary versus due timing on the same inputs. Check homework on present-value annuity math. Not a quote for a lifetime annuity product.
Worked example
Take a $250,000 balance at 4% for 25 years with monthly end-of-period withdrawals. Periodic rate is 0.04/12 over 300 months. The page returns the level payment that exhausts the balance under that fixed schedule.
Limits
No fees, taxes, COLA, or sequence-of-returns risk. Rate is constant. Figures are informational, not investment advice. See the disclaimer. CZNull does not receive the numbers.