Annuity Payment Calculator

Use this annuity payment calculator to calculate monthly or annual payout for your annuity when receiving payments for a fixed period of time.  An annuity payment calculator is also referred to as an annuity payout calculator – the terms are interchangeable.

Present Value
Interest Rate
# of Periods


 On This Page

  • Annuity Payment Formula
  • Annuity Payment Formula Usage

Annuity Payment Formula

The annuity payout formula is strikingly similar to the loan payment formula – well, exactly the same.

Pmt = (r * PV) / [1-(1 + r)n]

This formula will calculate the periodic payout of an annuity.  An annuity is basically a series of payments received at regular intervals on future dates.  This annuity payment formula only works for ordinary annuities.  This formula assumes that the interest rate does not change and the payments remain constant for the duration of the payout periods.

This annuity formula can be used for any kind of amortized loan, lottery payouts and structured settlements.

Annuity Payment Formula Usage

This annuity payout formula is used when calculating the payout value of an ordinary annuity for a fixed rate.