Your Financial Future:
"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.
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.
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.
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.
More Information About AnnuitiesCheck out these WISER resources to learn more about annuities:
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.
- Annuities 101
- Annuities: Why You Need to Know How They Work
- Annuity Shopping Tips
- Making Your Money Last for a Lifetime: Why You Need to Know About Annuities
- Making Your Money Last Through Your Retirement - Immediate Annuities
- Retirement Plans
- Types of Annuities
- Variable Deferred Annuities: One Size Does Not Fit All