First on our list is the highly comprehensive Fixed Annuities.net calculator, which has extensive options for inputting varying data, such as: Starting balance, annual contribution and percentage rates along with other options.
However unlike most of the calculators featured in this list, it provides a total that will be available at withdrawal, rather than a monthly income. This one focusses upon fixed annuities.
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It additionally provides extensive information on how the calculations are made as well as providing a report on your calculation. If you’re a graph person, this tool is for you.
Estimated Monthly income for 40 year old male, with a lump sum of $10,000= N/A, total is $26,786
The variable annuities calculator is very similar to the fixed annuities calculator above; in fact, it follows the same layout, and is based upon the same technology.
Estimated Monthly income for 40 year old male, with a lump sum of $10,000= N/A, total is $54,281
The CNN Money Calculator, whilst simplistic in form, is easy to use, and has the added bonus of CNN coverage on everything you need to know about annuities, and retirements in general.
The tool itself has inputs for state, gender, age and lump sum. The result returns an estimated monthly income.
Estimated Monthly income for 40 year old male, living in Alabama, with a lump sum of $10,000= $42 per month
The immediate Annuities calculator offers an option to add a spouse onto your quote. With no requirement to provide which state you live in the calculator returned the same value as the CNN Money calculator.
The website additionally provides clear, yet extremely detailed information on the current rates on an extensive range of annuities.
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Estimated Monthly income for 40 year old male, living in Alabama, with a lump sum of $10,000= $42
AARP’s calculator is another pretty complex tool, that said its interface is relatively intuitive which means it isn’t too difficult to use.
AARP also produces numerous daily blogs, articles, news and reviews for you to browse whilst you’re there.
Estimated Monthly income for 40 year old male, living in Alabama, with a lump sum of $10,000= $41
The Annuity Guy’s website provides easily accessible information on everything about annuities and retirement.
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Their immediate annuity calculator is a simplified version of the first two calculators in our list. It is just as robust, and similarly produces a graph report.
7. AnnuityGuis.com – Retirement Planner
Whilst not an annuity calculator in its entirety, this handy tool will help you work out those little details that will help you in deciding how much you need your annuity to return per month.
Once again it is provided by the Annuity Guys, and involves the input of extensive data in order to give you detailed insights into how retirement finances work.
Furthermore the Annuity Guys provide general advice in relation to retirement planning with commentary for the more experienced, or videos for the beginner.