Annuity Amount Calculator
Use this annuity amount calculator to make a plan that ensures a certain amount of income each month during retirement. By inputting your initial investment, or Starting Principal, along with the rate of return that you expect to receive and both the frequency and total duration of your withdrawals, you can see how long your money will last
RESULTSQ&A
CALCULATORRESULTSQ&A
Starting Principal
Withdrawal Years
Withdrawal Frequency
Monthly
- Monthly
- Quarterly
- Semi-annually
- Annually
Annual Rate of Return
Results
You can withdraw
$114 monthly for 12 Years
Starting Principal
$15,000
Total Interest
$1,390
Total Withdrawal
$16,390
Months
Balance
Cumulative Interest
| Year | Beginning Balance | Interest | Withdrawal | Ending Balance |
|---|---|---|---|---|
| 1 | $15,000 | $216 | $1,366 | $13,850 |
| 2 | $13,850 | $198 | $1,366 | $12,682 |
| 3 | $12,682 | $181 | $1,366 | $11,497 |
| 4 | $11,497 | $163 | $1,366 | $10,295 |
| 5 | $10,295 | $145 | $1,366 | $9,074 |
| 6 | $9,074 | $127 | $1,366 | $7,835 |
| 7 | $7,835 | $108 | $1,366 | $6,577 |
| 8 | $6,577 | $89 | $1,366 | $5,301 |
| 9 | $5,301 | $70 | $1,366 | $4,005 |
| 10 | $4,005 | $51 | $1,366 | $2,690 |
| 11 | $2,690 | $31 | $1,366 | $1,355 |
| 12 | $1,355 | $11 | $1,366 | $0 |
Check out how your balance and interest change over time.
Tips
Earn $11 more monthly
by adding 10% more to your starting principal.With a higher initial investment, you will be better off in the long-term as you will earn interest on a larger amount from the start. This means a bigger pay off overall.
| Original Principal | Increased Principal | |
|---|---|---|
| Starting Principal | $15,000 | $16,500 |
| Monthly Withdrawal | $114 | $125 |
| Total Interest | $1,390 | $1,529 |
| Total Withdrawal | $16,390 | $18,029 |
| Increased Monthly Withdrawal | - | $11 |
| Increased Total Withdrawal | - | $1,639 |
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