Finance
Annuity present value
Find the present value of equal end-of-period payments.
Calculators / Finance / Annuity payout
Annuity payout calculator
Estimate the level payment supported by a balance over a fixed number of periods.
On this page
Payment per period1,110.21
Total payments133,224.6
Calculator controls
How to calculate
Estimate the level payment supported by a balance over a fixed number of periods.
Payment per period = balance*(rate/100)/(1-(1+rate/100)^(-periods)); Total payments = balance*(rate/100)/(1-(1+rate/100)^(-periods))*periods
Worked example
Starting balance: 100000; Interest per period (%): 0.5; Number of payments: 120.
Payment per period: 1,110.21 ; Total payments: 133,224.6 .
Assumptions and limits
Assumes fixed end-of-period withdrawals and constant returns. It is not an insurer quotation and does not include mortality credits or guarantees.
Results are rounded for display; calculations use unrounded values. Read our calculation methodology.
Understanding the result
Estimate the level payment supported by a balance over a fixed number of periods. The displayed figures use the inputs and formula shown on this page.
When this tool is useful
Use the annuity payout to compare a scenario, check an estimate, or verify a manual calculation.
Understanding your inputs
| Input | What to enter |
|---|---|
| Starting balance | Enter a number of at least 0.000001 and no more than 1000000000000. |
| Interest per period (%) | Enter a number of at least 0.000001 and no more than 100. |
| Number of payments | Enter a number of at least 1 and no more than 1200. |
Frequently asked questions
What should I check before using the annuity payout result?
Assumes fixed end-of-period withdrawals and constant returns. It is not an insurer quotation and does not include mortality credits or guarantees.
Is this annuity payout result exact?
It is exact for the stated mathematical model and entered values. Real-world results can differ when rates, timing, fees, definitions or measurement conditions differ.