Annuity Calculator
Calculate annuity payments and growth. Compare immediate vs deferred annuities.
Immediate: Start receiving payments right away
Understanding Annuities
Immediate Annuities: Convert a lump sum into guaranteed income payments starting right away. Good for retirees who need income now.
Deferred Annuities: Accumulate money tax-deferred until a future date when you start taking withdrawals. Good for long-term savings.
Fixed vs Variable: Fixed annuities offer guaranteed rates. Variable annuities are tied to market performance with higher risk and potential reward.
Fees to watch: Annuities often have high fees including surrender charges, mortality expenses, and administrative costs. Always read the fine print.
This calculator provides estimates for educational purposes only.