Periodic Payment
Paid Monthly for 20 years
$0.00
-$100,000.00
How much do I need to retire?
A common rule is to replace 70-80% of your pre-retirement income.
- •Save your calculations by bookmarking this page with your inputs in the URL.
- •Try different scenarios to understand how changes affect your results.
- •Share this calculator with friends or family who might find it useful.
- •Use the results as a starting point for conversations with financial advisors.
- •Bookmark this page and revisit quarterly to track your progress toward goals.
Plan for a secure retirement income.
Step-by-Step Instructions
Enter your current age and planned retirement age.
Input current savings and monthly contribution capability.
Determine if you are on track to meet your retirement income goals.
When planning to convert a lump sum of savings into a steady income stream immediately.
- •Retirees
- •Pre-retirees
- •Pensioners
Scenario
A retiree invests $100,000 in a 20-year fixed period annuity with a 5% interest rate.
Outcome
The calculator estimates a monthly payout of approximately $660.
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Real-world case studies showing how advisors use the Immediate Annuity Calculator with clients.