What are the payments on an immediate annuity?
To minimize investment risk, it might make sense to invest a lump sum amount with an insurance company. In return, the insurance company will send you monthly payments over a specified time period. Use this calculator to estimate those monthly payments given a specified interest rate. Note: actual payments my vary due to administrative and investment management fees.
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.