"Your Future Paycheck" Calculator

Our "Your Future Paycheck®" calculator is an annuity calculator allows you to calculate an annuity based on investing a set amount or a desired monthly sum. The calculator is reset each time you click "Provide Another Estimate", so you can check out all the options available to you. Below, see examples of annuity income based upon a desired monthly income or a set amount to invest.Calculator for Annuities

If you are ready to dive in, check out the calculator.

The "Your Future Paycheck®" calculator is powered by Income Solutions® and donated as an educational tool from Hueler Investment Services, Inc.

Calculator Examples

With the calculator you have two options. Examples were calculated on June 19, 2014. Our calculator uses real time data and results may vary.

Option 1: Enter the monthly income you need and calculate the lump sum cost of an annuity

You can enter how much monthly income you want to receive from your annuity, and it will calculate the lump sum amount you will need to purchase an annuity. For example, Shari is 59 years old and knows that she will need $1,000 a month to pay her bills and cover her expenses. When she enters this information, the calculator lets her know she will need $201,498.00 to purchase a single life annuity. 

59 year old woman needs $1,000 a month

Option 2: Enter the lump sum amount you have to invest and calculate the monthly income

Your other option is to enter a lump sum amount that you have to invest in an annuity, and it will calculate what that will provide in a monthly income. For example, Paula is 63 years old and has $100,000 to invest in an annuity. She wants to know what that will translate to in monthly income. When she enters this information, the calculator lets her know that she would receive $526.62 a month.

63 year old woman with $100,000 to invest  

 

More Information About Annuities

Check out these WISER resources to learn more about annuities:
Annuities 101
Types of Annuities 
Annuity Shopping Tips
Making Your Money Last For A Lifetime-Why You Need to Know About Annuities

 

 

The "Your Future Paycheck®" Lifetime Income Calculator is donated as an educational tool from Hueler Investment Services, Inc. and is powered by Income Solutions® which is a registered trademark of Hueler Investment Services, Inc. and used under license. United States Patent No. 7,653,560.