What is immediate annuity calculator?

An immediate annuity calculator helps you estimate the payout you receive from an annuity investment. When you invest a lumpsum premium amount in an immediate annuity plan, the returns kickstart immediately. An ideal money-growing plan, especially if retirement is around the corner.

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Features and benefits of immediate annuity calculator in India

Estimate your income

Annuity return calculator helps you assess the potential cash flow you can expect in retirement.

Customisation

You have the freedom to customize its structure according to your preferences, as it the immediate annuity calculator goes beyond simply determining the amount and duration of your payments.

Compare options

Evaluate the impact of various variables on your income stream to make informed decisions.

Better financial planning

An immediate annuity calculator provides insights into various retirement income strategies, allowing you to align your financial goals and make informed decisions regarding asset allocation, retirement age, and other important factors.

Achieve your goals

Better financial planning means achieving all your unfulfilled dreams and aspirations.

Protection against market volatilities

Immediate annuity investments keep your capital secure as they are not governed by market movements.

How do Retirement Calculators work?

What is immediate annuity calculator formula?

An annuity deposit calculator requires Investment initiation age, the investment amount, payout period, annual interest rate, and the payout frequency (monthly, quarterly, yearly). Based on your inputs, the annuity plan calculator uses an annuity formula to calculate the expected returns on your annuity plan. The annuity formula considers three variables:

PMT = cash payment period

r = the interest rate per period

n = the total number of period

Given these variables, the formula is:

Present Value = PMT x [1%, (Life expectancy age – current age), starting principal,0,0]

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How does Immediate Calculator work?

The IndiaFirst Life immediate annuity calculator uses the following factors to give you estimates of the pension amount.

Immediate Annuity formula calculator considers below variables for results:

• Starting Age for investment

• Starting Principal amount/ Investment amount

• Your expected Rate of return on investment

• Your Life expectancy age

For optimal utilization of the IndiaFirst Life Immediate Annuity Calculator, it is imperative to be familiar with the eligibility criteria specified for IndiaFirst Life Annuity Plans.

Immediate annuity calculator example:

Amish, a 40-year-old bank employee wants to plan for his retirement. His savings amount to Rs. 1,50,000 lakhs.

If he invests in an immediate annuity that offers 8% interest for 25 years, the annuity payout calculator shows an immediate annual payout of Rs. 14,051.

How can we help?

How long do annuities last?

Answer: Depending upon the option you choose, an annuity can last you a lifetime.

How much should I invest in immediate annuity?

Answer

You can invest any amount in an immediate annuity. This amount will depend on your:

o Immediate actual and potential financial needs

o Long-term financial goals

o Current savings/investment portfolio

How much will an immediate annuity pay?

Answer

Immediate annuity rates depend upon many factors such as your age, the amount you wish to invest, payout period, annual interest rate, and the payout frequency of payments (monthly, quarterly, yearly).

For example, if you are 40 years, wanting to invest Rs. 1.5 lakh for 25 years, at 8% interest, the immediate annuity plan calculator will estimate an annual earning of ₹ 14,051 for the tenure.

How to calculate interest on annuity?

Answer

How to calculate present value of annuity?

Answer

The annuity plan calculator uses an annuity formula:

PMT = cash payment period

r = the interest rate per period

n = the total number of period

Given these variables, the formula is:

Present Value = PMT x [1%, (Life expectancy age – current age), starting principal,0,0]

Is immediate annuity good?

Answer: Yes, it is a wise retirement plan as the returns start immediately and it gives you a lifetime guaranteed income that is not affected by market volatilities.

What are the different types of annuities?

Answer: There are 4 different types of annuities – Immediate Annuity, Deferred Annuity, Fixed Annuity, and Variable Annuity.

What is a good lifetime annuity rate?

Answer: Immediate annuity plans in India offer a good rate of 7.6-8.1%. However, these could change basis government stipulations.

What is the age limit for immediate annuity?

Answer: IndiaFirst Life allows you to choose your retirement age between 40 and 80 years. However, you can apply for the plan when you are 18 years.