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ZOVATOOL

Annuity Calculator

Balance at payout start
$476,780.86
Monthly payout
$3,146.54
Total payout
$755,170.24

How to use the Annuity Calculator

  1. Pick accumulate-then-payout, or straight payout from a lump sum.
  2. Enter principal, monthly contribution, accumulation years and payout years.
  3. Enter annual rate and pick ordinary (payment at end of period) vs annuity due (start).
  4. Read the accumulated balance and monthly payout.
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Annuities: the good, the bad, and the fine print

Fixed immediate annuities from insurers convert a lump sum into guaranteed lifetime income — useful for longevity risk in retirement.

Variable and indexed annuities are frequently loaded with 2–3% annual fees. A low-cost index fund + the 4% rule usually beats them net of costs.

This calculator shows the pure time-value math — no fees, no mortality credits. Real annuity quotes will differ; always compare 3+ carriers.