Turn a lump sum into a steady monthly payout. Free, private, and runs entirely in your browser.
The payout is the level monthly payment that fully draws down the lump sum over the chosen years while it earns the stated return.
Is this a real annuity quote? No, insurers price annuities differently; this is a simple estimate.
What if the return is 0%? The payout is simply the lump sum divided by the number of months.