Single Premium Immediate Annuity Calculator
Single Premium Immediate Annuity Calculator
You can use this free online immediate annuity calculator to estimate how much lifetime, or time period, income you could expect to get from your lump sum of cash! Note that this is not intended to illustrate any particular product or situation, but just to give you a way to estimate how much income you could expect to earn. Please page down below the calculator for more tips and examples.
Life Expectancy – You can find life expectancy tables on the Internet. If you do not want to collect a lifetime income, you could just use the number of years you want to collect income.
For example, let us say you have a lump sum of $100,000 to fund your annuity. Your contract returns 5 percent, and you intend to collect for 30 years. You would be able to supplement your other income (i.e. social security) with about an additional $538 a month.
Again, we cannot illustrate any particular annuity contract. You should consult with a good financial professional or annuity insurance agent for more information.
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