Annuity Duration Calculator
|Half Year||Beginning Balance||Interest||Withdrawal||Ending Balance|
The increased principal amount alone will add time to your withdrawal schedule, and the extra interest it helps create will extend the withdrawal period even more.
|Original Principal||Increased Principal|
|Payoff Duration||5.04 Months||5.54 Months|
|Duration Increased By||-||0.5 Months|
|Total Payment Increased By||-||$1,511|
Decreasing your semi-annual withdrawal amount will prevent your annuity from being exhausted as soon, particularly since it gives interest more time to accrue.
|Original Withdrawal||Decreased Withdrawal|
|Payoff Duration||5.04 Months||5.3 Months|
|Duration Increased By||-||0.26 Months|
|Total Payment Increased By||-||$0|