Annuity Calculator — Calculate Annuity Payments & Retirement Income

Annuity Calculator

Calculate annuity payments, retirement income, and investment growth projections. Determine your financial future with accurate annuity calculations based on principal, interest rates, and payment terms.

Step 1: Investment Details

5%

Understanding Annuities

An annuity is a financial product that provides a stream of payments over time. Fixed annuities offer guaranteed returns, while variable annuities depend on market performance.

Step 2: Payment Terms & Tax

20 years
0 years
20%
2.5%

About Annuity Payments

Annuity payments can be fixed or variable. Deferral periods allow your investment to grow before payments begin. Consider tax implications and inflation when planning your retirement income.

Annuity Calculation Results

Summary
Annuity Comparison
Payment Schedule

Estimated Monthly Payment

£659.96
For 20 years with 5% interest rate
Total Payout
£158,390
Total Interest Earned
£58,390
Initial Investment
£100,000
Net After Tax
£126,712

Annuity Type Comparison

Annuity Type Risk Level Potential Return Best For

Payment Schedule Breakdown

Annuity Calculation Formula

Payment = P × [r(1+r)^n] / [(1+r)^n – 1]

Where P = principal, r = periodic interest rate, n = total number of payments. This formula calculates the fixed periodic payment for an annuity.

Need Professional Financial Planning Help?

Connect with our financial advisors for personalized retirement planning, annuity selection, and investment strategy tailored to your financial goals.

Get Financial Advice