Annuity payout · fixed term
Annuity payout · fixed term: use starting fund, nominal annual return, withdrawal period. Review the formula, worked example and calculation steps.
Inputs
Use the units shownEnter your values and select Calculate.
Formula & explanation
Variables & units
- Starting fund
- currency · minimum 0, maximum 1000000000000
- Nominal annual return
- % · minimum 0, maximum 100
- Withdrawal period
- months · minimum 1, maximum 1200
Worked example
A 120,000 fund over 120 months at zero return permits 1,000 each month.
Assumptions
End-of-month fixed withdrawals with constant monthly compounding until the fund is exhausted. Not a lifetime insurance annuity; longevity, fees and tax are excluded.
Formula version 1.0.0. JavaScript floating-point arithmetic applies. Results display up to 6 decimal places; stored values retain available precision. Use the units shown.
Practice with an example
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