Monthly Annuity Payment Estimator
This calculator helps you determine the fixed monthly payment for an annuity based on the principal amount, interest rate, and term. It’s essential for retirement planning, structured settlements, and any scenario involving regular withdrawals from an investment over time.
Calculate Fixed Monthly Payments for Annuities
Annuity Monthly Payment Formula
Where:
- PMT – monthly payment
- P – principal or present value
- r – monthly interest rate (annual rate ÷ 12)
- n – total number of monthly payments
This formula calculates the amount to be paid monthly to amortize a loan or annuity.
Monthly annuity payments are commonly used in personal finance for calculating consistent payouts during retirement or repaying loans. This calculator assumes fixed interest and equal payments, making it suitable for fixed annuities, mortgages, and other amortized loan products. Just input the principal, rate, and number of months to get instant results.