How much does a $500,000 annuity pay per month?

At 6% compounded annually over 20 years it pays about $3,536 a month. A lifetime annuity from an insurer depends on your age and current rates.

Are payouts at the start or end of each period?

This calculator pays at the end of each period, like most annuity payout quotes.

Are these calculators free?

Yes. Every calculator is free with no sign-up. Clearly labeled ads keep it that way.

Calculations run in your browser. Share links put inputs in the URL, which can be read by anyone you send it to and is sent to the hosting server when opened. Avoid sharing sensitive numbers. Currency conversion requests public exchange rates.

How accurate are the results?

Results follow the formulas and assumptions shown, with normal rounding and numerical limits. Taxes, rates and health guidance can change, so treat these as estimates and confirm important decisions with a qualified professional.

Annuity Payout Calculator

See the payout a lump sum supports, or how long a payout lasts.

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Annuity Payout Calculator

How much an annuity pays, or how long it lasts

Starting principal

Interest rate

Payout length

years

Payout frequency

Payout per month

$3,536.46

Starting principal: $500,000.00
Total payouts: $848,750.48
Interest earned: $348,750.48

Payouts at the end of each month; 6% a year compounded annually (0.4868% per payout period), as most annuity quotes do. Taxes and insurer fees are not included.

Payout sources

Principal$500,000
Interest$348,750

Balance

Balance

Payment	Payout	Interest	Balance
1	$3,536.46	$2,433.78	$498,897.31
2	$3,536.46	$2,428.41	$497,789.26
3	$3,536.46	$2,423.01	$496,675.82
4	$3,536.46	$2,417.59	$495,556.95
5	$3,536.46	$2,412.15	$494,432.64
6	$3,536.46	$2,406.68	$493,302.85
7	$3,536.46	$2,401.18	$492,167.57
8	$3,536.46	$2,395.65	$491,026.76
9	$3,536.46	$2,390.10	$489,880.40
10	$3,536.46	$2,384.52	$488,728.46
11	$3,536.46	$2,378.91	$487,570.91
12	$3,536.46	$2,373.28	$486,407.72
13	$3,536.46	$2,367.61	$485,238.88
14	$3,536.46	$2,361.92	$484,064.34
15	$3,536.46	$2,356.21	$482,884.09
16	$3,536.46	$2,350.46	$481,698.09
17	$3,536.46	$2,344.69	$480,506.32
18	$3,536.46	$2,338.89	$479,308.75
19	$3,536.46	$2,333.06	$478,105.35
20	$3,536.46	$2,327.20	$476,896.09
21	$3,536.46	$2,321.32	$475,680.94
22	$3,536.46	$2,315.40	$474,459.88
23	$3,536.46	$2,309.46	$473,232.88
24	$3,536.46	$2,303.48	$471,999.91
25	$3,536.46	$2,297.48	$470,760.93
26	$3,536.46	$2,291.45	$469,515.92
27	$3,536.46	$2,285.39	$468,264.85
28	$3,536.46	$2,279.30	$467,007.70
29	$3,536.46	$2,273.18	$465,744.42
30	$3,536.46	$2,267.03	$464,474.99
31	$3,536.46	$2,260.86	$463,199.39
32	$3,536.46	$2,254.65	$461,917.58
33	$3,536.46	$2,248.41	$460,629.52
34	$3,536.46	$2,242.14	$459,335.20
35	$3,536.46	$2,235.84	$458,034.58
36	$3,536.46	$2,229.51	$456,727.62
37	$3,536.46	$2,223.14	$455,414.31
38	$3,536.46	$2,216.75	$454,094.60
39	$3,536.46	$2,210.33	$452,768.47
40	$3,536.46	$2,203.87	$451,435.88
41	$3,536.46	$2,197.39	$450,096.81
42	$3,536.46	$2,190.87	$448,751.21
43	$3,536.46	$2,184.32	$447,399.07
44	$3,536.46	$2,177.74	$446,040.35
45	$3,536.46	$2,171.12	$444,675.01
46	$3,536.46	$2,164.48	$443,303.03
47	$3,536.46	$2,157.80	$441,924.37
48	$3,536.46	$2,151.09	$440,539.00
49	$3,536.46	$2,144.35	$439,146.89
50	$3,536.46	$2,137.57	$437,748.00
51	$3,536.46	$2,130.76	$436,342.30
52	$3,536.46	$2,123.92	$434,929.75
53	$3,536.46	$2,117.04	$433,510.34
54	$3,536.46	$2,110.13	$432,084.01
55	$3,536.46	$2,103.19	$430,650.74
56	$3,536.46	$2,096.21	$429,210.49
57	$3,536.46	$2,089.20	$427,763.24
58	$3,536.46	$2,082.16	$426,308.94
59	$3,536.46	$2,075.08	$424,847.56
60	$3,536.46	$2,067.97	$423,379.06
61	$3,536.46	$2,060.82	$421,903.42
62	$3,536.46	$2,053.64	$420,420.60
63	$3,536.46	$2,046.42	$418,930.56
64	$3,536.46	$2,039.17	$417,433.26
65	$3,536.46	$2,031.88	$415,928.68
66	$3,536.46	$2,024.55	$414,416.77
67	$3,536.46	$2,017.19	$412,897.51
68	$3,536.46	$2,009.80	$411,370.84
69	$3,536.46	$2,002.37	$409,836.75
70	$3,536.46	$1,994.90	$408,295.19
71	$3,536.46	$1,987.40	$406,746.13
72	$3,536.46	$1,979.86	$405,189.53
73	$3,536.46	$1,972.28	$403,625.35
74	$3,536.46	$1,964.67	$402,053.55
75	$3,536.46	$1,957.02	$400,474.11
76	$3,536.46	$1,949.33	$398,886.98
77	$3,536.46	$1,941.60	$397,292.12
78	$3,536.46	$1,933.84	$395,689.50
79	$3,536.46	$1,926.04	$394,079.08
80	$3,536.46	$1,918.20	$392,460.82
81	$3,536.46	$1,910.32	$390,834.68
82	$3,536.46	$1,902.41	$389,200.63
83	$3,536.46	$1,894.45	$387,558.62
84	$3,536.46	$1,886.46	$385,908.62
85	$3,536.46	$1,878.43	$384,250.59
86	$3,536.46	$1,870.36	$382,584.49
87	$3,536.46	$1,862.25	$380,910.28
88	$3,536.46	$1,854.10	$379,227.92
89	$3,536.46	$1,845.91	$377,537.37
90	$3,536.46	$1,837.68	$375,838.59
91	$3,536.46	$1,829.41	$374,131.54
92	$3,536.46	$1,821.10	$372,416.19
93	$3,536.46	$1,812.75	$370,692.48
94	$3,536.46	$1,804.36	$368,960.39
95	$3,536.46	$1,795.93	$367,219.86
96	$3,536.46	$1,787.46	$365,470.86
97	$3,536.46	$1,778.95	$363,713.35
98	$3,536.46	$1,770.39	$361,947.28
99	$3,536.46	$1,761.80	$360,172.62
100	$3,536.46	$1,753.16	$358,389.31
101	$3,536.46	$1,744.48	$356,597.33
102	$3,536.46	$1,735.76	$354,796.63
103	$3,536.46	$1,726.99	$352,987.16
104	$3,536.46	$1,718.18	$351,168.88
105	$3,536.46	$1,709.33	$349,341.75
106	$3,536.46	$1,700.44	$347,505.73
107	$3,536.46	$1,691.50	$345,660.77
108	$3,536.46	$1,682.52	$343,806.83
109	$3,536.46	$1,673.50	$341,943.87
110	$3,536.46	$1,664.43	$340,071.84
111	$3,536.46	$1,655.32	$338,190.70
112	$3,536.46	$1,646.16	$336,300.40
113	$3,536.46	$1,636.96	$334,400.89
114	$3,536.46	$1,627.71	$332,492.15
115	$3,536.46	$1,618.42	$330,574.11
116	$3,536.46	$1,609.09	$328,646.73
117	$3,536.46	$1,599.70	$326,709.98
118	$3,536.46	$1,590.28	$324,763.80
119	$3,536.46	$1,580.80	$322,808.14
120	$3,536.46	$1,571.28	$320,842.96
121	$3,536.46	$1,561.72	$318,868.22
122	$3,536.46	$1,552.11	$316,883.87
123	$3,536.46	$1,542.45	$314,889.86
124	$3,536.46	$1,532.74	$312,886.14
125	$3,536.46	$1,522.99	$310,872.67
126	$3,536.46	$1,513.19	$308,849.40
127	$3,536.46	$1,503.34	$306,816.28
128	$3,536.46	$1,493.44	$304,773.26
129	$3,536.46	$1,483.50	$302,720.30
130	$3,536.46	$1,473.51	$300,657.35
131	$3,536.46	$1,463.46	$298,584.35
132	$3,536.46	$1,453.37	$296,501.26
133	$3,536.46	$1,443.23	$294,408.04
134	$3,536.46	$1,433.05	$292,304.62
135	$3,536.46	$1,422.81	$290,190.97
136	$3,536.46	$1,412.52	$288,067.03
137	$3,536.46	$1,402.18	$285,932.75
138	$3,536.46	$1,391.79	$283,788.08
139	$3,536.46	$1,381.35	$281,632.97
140	$3,536.46	$1,370.86	$279,467.38
141	$3,536.46	$1,360.32	$277,291.24
142	$3,536.46	$1,349.73	$275,104.51
143	$3,536.46	$1,339.09	$272,907.13
144	$3,536.46	$1,328.39	$270,699.06
145	$3,536.46	$1,317.64	$268,480.24
146	$3,536.46	$1,306.84	$266,250.62
147	$3,536.46	$1,295.99	$264,010.15
148	$3,536.46	$1,285.08	$261,758.77
149	$3,536.46	$1,274.12	$259,496.44
150	$3,536.46	$1,263.11	$257,223.09
151	$3,536.46	$1,252.05	$254,938.67
152	$3,536.46	$1,240.93	$252,643.14
153	$3,536.46	$1,229.75	$250,336.43
154	$3,536.46	$1,218.53	$248,018.50
155	$3,536.46	$1,207.24	$245,689.28
156	$3,536.46	$1,195.91	$243,348.73
157	$3,536.46	$1,184.51	$240,996.78
158	$3,536.46	$1,173.06	$238,633.38
159	$3,536.46	$1,161.56	$236,258.48
160	$3,536.46	$1,150.00	$233,872.02
161	$3,536.46	$1,138.38	$231,473.94
162	$3,536.46	$1,126.71	$229,064.20
163	$3,536.46	$1,114.98	$226,642.72
164	$3,536.46	$1,103.19	$224,209.45
165	$3,536.46	$1,091.35	$221,764.34
166	$3,536.46	$1,079.45	$219,307.33
167	$3,536.46	$1,067.49	$216,838.36
168	$3,536.46	$1,055.47	$214,357.37
169	$3,536.46	$1,043.40	$211,864.31
170	$3,536.46	$1,031.26	$209,359.11
171	$3,536.46	$1,019.07	$206,841.71
172	$3,536.46	$1,006.81	$204,312.06
173	$3,536.46	$994.50	$201,770.10
174	$3,536.46	$982.13	$199,215.77
175	$3,536.46	$969.69	$196,649.00
176	$3,536.46	$957.20	$194,069.74
177	$3,536.46	$944.64	$191,477.92
178	$3,536.46	$932.03	$188,873.49
179	$3,536.46	$919.35	$186,256.38
180	$3,536.46	$906.61	$183,626.54
181	$3,536.46	$893.81	$180,983.89
182	$3,536.46	$880.95	$178,328.37
183	$3,536.46	$868.02	$175,659.94
184	$3,536.46	$855.03	$172,978.51
185	$3,536.46	$841.98	$170,284.03
186	$3,536.46	$828.87	$167,576.44
187	$3,536.46	$815.69	$164,855.66
188	$3,536.46	$802.44	$162,121.65
189	$3,536.46	$789.14	$159,374.32
190	$3,536.46	$775.76	$156,613.62
191	$3,536.46	$762.32	$153,839.49
192	$3,536.46	$748.82	$151,051.85
193	$3,536.46	$735.25	$148,250.64
194	$3,536.46	$721.62	$145,435.80
195	$3,536.46	$707.92	$142,607.25
196	$3,536.46	$694.15	$139,764.94
197	$3,536.46	$680.31	$136,908.79
198	$3,536.46	$666.41	$134,038.74
199	$3,536.46	$652.44	$131,154.72
200	$3,536.46	$638.40	$128,256.67
201	$3,536.46	$624.30	$125,344.50
202	$3,536.46	$610.12	$122,418.16
203	$3,536.46	$595.88	$119,477.58
204	$3,536.46	$581.56	$116,522.68
205	$3,536.46	$567.18	$113,553.40
206	$3,536.46	$552.73	$110,569.67
207	$3,536.46	$538.20	$107,571.41
208	$3,536.46	$523.61	$104,558.56
209	$3,536.46	$508.94	$101,531.04
210	$3,536.46	$494.21	$98,488.79
211	$3,536.46	$479.40	$95,431.73
212	$3,536.46	$464.52	$92,359.79
213	$3,536.46	$449.57	$89,272.89
214	$3,536.46	$434.54	$86,170.97
215	$3,536.46	$419.44	$83,053.95
216	$3,536.46	$404.27	$79,921.76
217	$3,536.46	$389.02	$76,774.33
218	$3,536.46	$373.70	$73,611.57
219	$3,536.46	$358.31	$70,433.42
220	$3,536.46	$342.84	$67,239.79
221	$3,536.46	$327.29	$64,030.63
222	$3,536.46	$311.67	$60,805.84
223	$3,536.46	$295.98	$57,565.35
224	$3,536.46	$280.20	$54,309.10
225	$3,536.46	$264.35	$51,036.99
226	$3,536.46	$248.43	$47,748.95
227	$3,536.46	$232.42	$44,444.91
228	$3,536.46	$216.34	$41,124.79
229	$3,536.46	$200.18	$37,788.51
230	$3,536.46	$183.94	$34,435.98
231	$3,536.46	$167.62	$31,067.14
232	$3,536.46	$151.22	$27,681.90
233	$3,536.46	$134.74	$24,280.19
234	$3,536.46	$118.19	$20,861.91
235	$3,536.46	$101.55	$17,427.00
236	$3,536.46	$84.83	$13,975.36
237	$3,536.46	$68.03	$10,506.93
238	$3,536.46	$51.14	$7,021.61
239	$3,536.46	$34.18	$3,519.33
240	$3,536.46	$17.13	$0.00

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How the annuity payout calculator works

A payout annuity is a loan in reverse: the balance earns interest while you draw a fixed amount each period. The payment that spends a principal P down to zero over n periods at rate r per period is P × r / (1 - (1 + r)^-n).

For a fixed payment the calculator runs the math the other way to find how many payments the money lasts. If the payment is no more than the interest earned each period, the principal never runs out.

Using and checking your result

Published by JustYourCalculator. Check the units and assumptions above, and compare a known example before relying on the output. Calculations use browser arithmetic and may round displayed values.

This is an educational estimate, not a lender quote, tax filing calculation or investment recommendation. Actual costs depend on current rules, fees and your circumstances. Verify important decisions with official sources and a qualified adviser.

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