Use the free AIG Immediate Annuity Calculator on ToolVexa to estimate monthly and yearly income from a lump sum and an annual payout rate.
How to Use
Enter the lump sum and the annual payout rate as a percentage, then press Calculate.
Formula in Plain Words
Yearly income = lump sum times payout rate divided by 100. Monthly income = yearly income divided by 12.
Worked Example
A lump sum of $100,000 at a 6% annual payout rate gives $500 per month and $6,000 per year.
FAQs
Is this a guaranteed income? No. Actual annuity payments depend on the contract terms, age and provider.
Does this include taxes or fees? No. This is a gross income estimate before taxes and fees.
What if the rate changes? Enter a different rate to see how the income changes.