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Annuity Payment Calculator

Last updated 23rd Sep 2022

This annuity calculator can help you figure out the fixed payments you'll receive from this type of retirement investment over time. The calculator uses the starting principal balance, the interest rate received on the annuity, and the payment period to calculate annual annuity payments. The calculator also displays the declining balance of the investment over time.

Calculator Definitions

The variables used in our online calculator are defined in detail below, including how to interpret the results.

Starting Principal ($)

This is the starting balance, or principal, of the annuity. This is sometimes referred to as the present value of the annuity.

Annual Interest Rate (%)

This is the interest rate earned per period. This calculator uses an annual interest rate to derive the annuity payment.

Payment Period (Years)

This is the number of years over which the annuity is expected to be paid.

Annuity Payments ($ / Year)

These are the annual payments the investor receives on the annuity. 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.

Payment and Balance

This calculator also provides the user with the remaining balance at the end of each payment period. This calculator provides an annuity balance for up to 40 payment periods.

Annuity Payment 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.

Moneyzine Editor

Moneyzine Editor