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Annuity Calculator: Annuity Deposit Calculator Online in India

When a person retires, the monthly salary stops. But daily needs like food, medicine, and bills continue. An annuity plan helps at this time. It gives a fixed amount of money regularly. This money comes from the amount a person has saved earlier. It helps them live without worry after retirement.
To know how much money one can get, there is a simple online tool called the annuity calculator. It shows how much money a person may receive each month or year. You only need to enter a few details. This tool is easy to use. It helps people plan better for the future. It also gives peace of mind to those who are thinking about life after work.

The Annuity Calculator helps you estimate the regular income you can receive during retirement by investing a fixed amount over a period, based on the chosen tenure, interest rate, and payout frequency.

Calculate Your Returns

Current Age

Years

Monthly Investment

₹

Ten Thousand

Expected Returns (In %)

Min: 5 %

Max: 15 %

Expected Pension Returns (In %)

Min: 5 %

Max: 15 %

Pension Allocation (In %)

Min: 40 %

Max: 100 %

Understand your Returns

You Pay

₹10,000 /month

for 15 years

You Get

Maturity Amount

@ 7% p.a.

₹

Monthly Pension

@ 7% p.a.

Investment Amount

Investment Year

Total Amount Invested

Returns Earned

Maturity Amount

Year	Investment Amount	Returns Earned	Maturity Amount
1 Year	₹1,20,000	₹1,20,000	₹1,20,000

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The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

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This advertisement is designed for combination of Benefits of two individual products named (1) Bajaj Allianz Life Goal Assure II - A Unit- Linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L180V02). (2) Bajaj Allianz Life POS Goal Suraksha - A Non Linked, Non Participating, Individual, Life Insurance Savings Plan (UIN: 116N155V11). These products are also available for sale individually without the combination offered/ suggested. The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein before concluding the sale.

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Written ByPalak Bagadia

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Palak Bagadia, Associate – Digital Marketing at Bajaj Allianz Life, with experience spanning content and performance marketing, recruitment, employee engagement in the BFSI industry, with a strong understanding of the insurance sector.

Reviewed ByRituraj Singh

AboutRituraj Singh

Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Allianz Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.

What Is an Annuity?
What Is Annuity Calculator?
How Does Annuity Calculator Work?
Results of Annuity Calculator
Types of Annuities
Steps to Use an Annuity Calculator
Benefits of Annuity Calculator
Factors Affecting Your Annuity Plans
Common Mistakes to Avoid When Using an Annuity Calculator
Conclusion
FAQs

What Is an Annuity?

An annuity is a plan that gives you money regularly after you retire. It is like getting a monthly income even when you stop working. You deposit a part of your money with the insurance company once or in parts. After some time, you start getting money back every month or every year. You receive this income throughout your lifetime, ensuring financial support in your retirement years.

This plan supports people who no longer have a steady income after retirement. It gives them steady money to take care of daily needs. They can use this amount for food, rent, medicine, or travel.

You choose how long you want to invest. Once annuity starts, payouts are usually for life or as defined in the plan.. Some want it for their whole life. Some plans give money to your husband or wife after you. The amount you get depends on how much you give and when you start getting it back.

This is a safe way to get money without fear. Many people choose annuity plans to feel stress-free in their old age. It is like a promise that you will not run out of money later in life.

What Is Annuity Calculator?

An annuity deposit calculator is a free tool on the internet. It helps you know how much money you may get after retirement. You just need to enter a few simple details. These include your age, the money you have saved, and when you want to start getting money. The tool will show how much you can get every month or every year.

It does all the hard math for you. You do not need to count anything by hand. The tool gives answers in seconds. It is easy for everyone to use, even if you have never used such a tool before.

This calculator is useful for people who want to plan for their future. It helps you understand how your savings can give regular money later. You can also try different numbers and see what works best for you.

Using the annuity calculator gives you a clear idea. You will know how much you can receive and for how long. It also helps you feel ready for the years after retirement. Anyone with a phone or computer can use it anytime, from anywhere.

How Does Annuity Calculator Work?

An annuity calculator helps you estimate how much regular income you can receive based on your investment. It takes basic details like your age, investment amount, type of annuity, and payment frequency. Then, it quickly shows how much income you may get monthly, quarterly, or yearly.

You can try different inputs, such as a higher investment amount or a different annuity type, to compare results. For example, if you want a higher payout, the calculator can show how much more you need to invest.

It’s simple and easy to use, whether on your mobile or computer. This tool helps you make better decisions and plan a steady income for your retirement years.

It gives you a clear picture of your future money. That way, you can make choices that keep you and your family safe and happy.

Results of Annuity Calculator

An annuity calculator provides an estimate of the regular income you may receive based on your investment. It typically shows:

The amount you plan to invest (one-time or periodic)
Estimated monthly or yearly payouts
Payout duration (fixed term or lifetime)
Start date of payouts

These results help you understand how your invested amount can be converted into a steady income stream, especially after retirement.

You can try different amounts and ages to see how your amount changes. This helps you compare plans and pick the one that fits your future needs.

These results make retirement planning easier. You can test different numbers, make better choices, and feel more confident about your future. It’s a simple tool to help you stay prepared and at ease.

Accumulation Schedule

An accumulation schedule outlines the payments you are required to make during the accumulation period, along with the expected payouts. The accumulation period refers to the set timeframe during which your annuity investments grow through interest, capital gains, and dividends.

Annuity Accumulation Schedule Example

Initial Contribution: Rs. 10,00,000
Interest Rate: 6% per annum
Payout Period: 10 years
Monthly Pension Amount: Rs. 11,047

Here is an example of the accumulation schedule for an annuity plan with an initial contribution of Rs. 10 lakh, earning interest at 6% per annum, and a payout period of 10 years. The monthly pension amount under this plan is Rs. 11,047.

Year	Age	Withdrawal Amount	Interest Earned	Remaining Balance
1	60 years	Rs. 1,32,562	Rs. 57,971	Rs. 9,25,409
2	61 years	Rs. 2,65,124	Rs. 1,11,341	Rs. 8,46,218
3	62 years	Rs. 3,97,685	Rs. 1,59,827	Rs. 7,62,142
4	63 years	Rs. 5,30,247	Rs. 2,03,128	Rs. 6,72,880
5	64 years	Rs. 6,62,809	Rs. 2,40,922	Rs. 5,78,113
6	65 years	Rs. 7,95,371	Rs. 2,72,872	Rs. 4,77,502
7	66 years	Rs. 9,27,933	Rs. 2,98,617	Rs. 3,70,684
8	67 years	Rs. 10,60,494	Rs. 3,17,773	Rs. 2,57,278
9	68 years	Rs. 11,93,056	Rs. 3,29,934	Rs. 1,36,878
10	69 years	Rs. 13,34,670	Rs. 3,34,670	Rs. 0

You can also check how your savings might grow over time. It gives a clear picture of your money for the first 10 years. You will understand how to plan your spending. The schedule helps you make sure you have enough money to cover all your needs.

Using this schedule can help you make better choices. You will feel more secure knowing what to expect from your annuity payments during those 10 years.

Types of Annuities

Annuities come in different types. Each type has its own benefits. Let’s look at the most common types of annuities people can choose from.

Fixed Annuity

A fixed annuity is simple. You give money to the insurance company, and in return, they promise to give you a fixed amount regularly. This amount does not change, no matter what happens in the market. It’s good for people who want a steady, predictable income after retirement. You know exactly how much money you’ll get every month or year.
Variable Annuity

A variable annuity is a little different. With this type, the money you get can change. The amount you receive depends on how well your investments do. This means that your payment can be higher if your investments do well or lower if they do not. People who want to take some risk for the chance of higher returns may choose this type. However, it’s important to remember that the payments are not guaranteed to stay the same.
Immediate Annuity

An immediate annuity starts giving you money right away. When you retire, you can start getting payments as soon as you want. This is useful for people who need money immediately after retirement. It’s a good choice if you want to begin receiving payments without waiting.
Deferred Annuity

A deferred annuity is different because it starts giving you money at a later time. You save money into the annuity for a few years before receiving payments. This gives you time to grow your savings before you start getting a regular income. People who want to keep their money saved and don’t need immediate payments choose this type.
Lifetime Annuity

A lifetime annuity guarantees that you will receive payments for your entire life. It doesn’t matter how long you live; the company will keep giving you money. This is a good choice for people who want to make sure they never run out of money, no matter how long they live after retirement. The amount you get might be lower than with other types of annuities, but the security of lifelong payments is comforting.
Joint and Survivor Annuity

This type of annuity is for couples. It ensures that both the husband and wife get payments. Even if one person passes away, the other will continue receiving payments. This is important for people who want to make sure their spouse is taken care of after their passing.
Inflation-Protected Annuity

An inflation-protected annuity is designed to keep up with inflation. This means that your payments will increase over time to match the rising cost of living. This is helpful for people who want to make sure their money has the same buying power even as prices increase in the future.
Fixed-Index Annuity

A fixed-index annuity offers a mix of safety and growth. Your payments are fixed, but the amount you receive can also grow based on the performance of a stock market index, like the Nifty or Sensex. It provides some chance for growth, but it also protects you from market losses. This is a good option for people who want a balance between safety and the potential for higher returns.

Steps to Use an Annuity Calculator

Using an annuity calculator is easy and fast. You do not need any special skills to use it. While exact steps may vary slightly by platform, here’s a general guide:

Step 1: Choose the Right Annuity Calculator

The first step is to select a good annuity calculator online. Many insurance companies provide calculators, you will want to find one that is easy to use and reputable. You can find them on a company website or online by doing a quick search.

Step 2: Enter Your Personal Details

Once you follow the steps to open a reliable calculator, you will be required to fill in your personal information. This information will generally include your age, your sex, and the date you want to begin receiving payments. Some calculators will even ask you about your health, which may also affect your payments. You will want to fill in the personal details as carefully as possible.

Step 3: Add Your Savings Amount

Now, you will enter the amount of money you want to save for your annuity. It could be a one-time amount or an ongoing amount to be paid into the annuity. The more you save, the more your future payments will be.

Step 4: Select the Type of Annuity

Next, you will need to select the type of annuity you want. Most calculators will allow you to select from different types – a fixed annuity, a variable annuity, or maybe even a lifetime annuity. Think about what you need – whether you want a steady income for life, or you are okay with payments that can change.

Step 5: Choose the Payment Frequency

You will also need to select the frequency of your payments. Will you get them monthly, quarterly, or yearly? Some people prefer getting paid monthly for a more constant stream of income. Others do not mind waiting for a large sum to be distributed each year. You decide what fits your needs.

Step 6: Set the Duration

If you are using a deferred annuity, you may need to select when you want the payments to begin. This can be after a few years or right away. Some people choose to start getting payments immediately, while others want to wait for a few years to let their savings grow.

Step 7: Review the Results

After entering all the information, click the “Calculate” button. The calculator will quickly show you how much money you will get and for how long. The result will show monthly or yearly payments, depending on the frequency you selected.

Step 8: Check Different Scenarios

Many annuity calculators let you try different numbers. You can see how changing your savings amount or choosing a different type of annuity affects the result. Try changing one thing at a time to see how it impacts your future payments.

Benefits of Annuity Calculator

An annuity calculator offers many benefits, making it a helpful tool for planning your financial future. Let’s look at some of the main advantages of using it.

Easy to Use

An annuity calculator is very easy to use. You don’t need to be an expert to understand it. The steps are simple, and they help you see how much money you can expect to receive in the future. Just input your details, and you will get the results instantly.
Helps with Planning

By showing how much money you will get from your annuity, the calculator helps you plan better for retirement. It tells you how your savings will grow and how much you will have for the future. This can help you feel more secure and less stressed about what will happen after you retire.
Saves Time

Instead of manually calculating how much you can expect from an annuity, the calculator does all the work for you. You don’t have to do any complex math. It saves you time and energy, allowing you to focus on other important things.
Flexible and Customizable

Annuity calculators allow you to try different scenarios. You can change your savings amount, payment frequency, or the type of annuity. This helps you find the best plan for your needs. You can experiment with different choices to see which one fits you best.
Provides Clear Results

The results are easy to understand. You get a clear picture of your future income. This helps you make informed decisions, ensuring you choose the right annuity option for your retirement.

Factors Affecting Your Annuity Plans

Many things can change how much money you get from your annuity after retirement. Let’s look at the main points:

Your Age

The age when you start receiving payments matters. If you begin at a younger age, the amount you get each time may be smaller, because you will receive it for more years. If you start later, the payments can be higher.
Amount You Put In

The more money you put into the annuity, the more you will receive later. A small amount gives a small return. A big amount gives a bigger return. Try to save regularly if possible.
Type of Plan Chosen

Different types of annuities offer different benefits. Some give fixed amounts, while others change based on time or conditions. The type you choose decides how steady or flexible your money will be.
Time Before Payments Start

If you choose to wait for a few years before starting payments, your money may grow during that time. This can help you get more later. Starting early gives quicker returns but smaller amounts.
Payment Frequency

If you take money monthly, you get smaller amounts more often. Yearly payments give bigger sums less often. Your choice affects how you manage your needs.

Common Mistakes to Avoid When Using an Annuity Calculator

When using an annuity calculator, some small mistakes can lead to wrong results. Here are things to avoid:

Entering Wrong Details

If you type the wrong age or amount, the result will not be correct. Always double-check.
Not Choosing the Right Plan Type

Each annuity type works differently. Select the one that matches your needs.
Skipping Payment Frequency Option

Some people forget to choose if they want monthly or yearly money. This changes the result.
Not Updating for Life Changes

If your income or savings change, update the calculator. Old numbers give wrong answers.

Use the calculator carefully for the right output.

Conclusion

An annuity calculator is a simple tool that helps you understand how much money you may receive after retirement. It gives clear results and helps in planning your future better. You only need to enter a few details to know your expected amount. Always use the calculator carefully, update your inputs when things change, and choose a plan that suits your life goals. This way, you can stay ready for your golden years.

Everyone deserves peace of mind after retirement. With the help of this tool, you can feel more sure about the days ahead.

Frequently Asked Questions

1. What is an annuity calculator?

An annuity calculator is a free online tool. It shows how much money you may receive every month or year after retirement. You need to enter simple details like age, savings amount, and when you want to start getting money. It gives results in seconds. The calculator helps you plan your future by showing how your savings can turn into regular payments after you stop working.

2. How to calculate an annuity?

To find the value of an annuity, you need to know how much you have saved, how often you want payments (monthly or yearly), and your age. You also select what type of acceptable plan you want to use. Once you have figured this out, you should be able to use annuity calculators so you can see your monthly or annual amount. It does all of the work for you. You don't have to memorize any big formulas or do any complicated math!

3. Why do we calculate annuity?

We calculate annuity to know how much money we may get after retirement. It helps us plan how to use our savings in a safe and regular way. The calculator shows how much we may receive every month or year. This makes it easier to feel ready for the future. It also helps avoid running out of money in old age, because you can choose a plan that fits your needs and gives peace of mind.

4. Can an annuity calculator predict future returns accurately?

An annuity calculator gives you a close idea of your future returns. It uses the numbers you enter to show how much you may get later. The calculator cannot guess things like inflation or changes in rules, but it gives a good estimate. It is always smart to check the results and speak to a financial expert if you want to be extra sure.

5. Can an Annuity Calculator help with retirement planning?

Yes, an annuity calculator is a useful tool for retirement planning. It helps you know how much money you may receive regularly after you stop working. This can make you feel more prepared and relaxed about the future. It helps you understand how your current savings will support your daily needs later. It also helps you choose the best plan for your lifestyle. It is easy to use and gives fast results.

6. Is the Annuity Calculator accurate?

An annuity calculator will be reliable if accurate information is used. It relies on the figures you put in - age, savings, and type of plans. However, please remember it is only an estimate. Variables like taxes, market fluctuations, or changes in rules can affect the final amount. Yet it will give a good sense, and a framework to plan with. For more detailed information, seek a life insurance professional.

7. Do I need to know any financial terms to use the Annuity Calculator?

No, you do not need to know any difficult financial words. The calculator is made to be simple for everyone. You only need to enter your age, savings, how long you want payments, and when you want them to start. It will show your result in seconds. Even if you are not from a finance background, you can still use it easily.

8. Can I rely on an annuity calculator for planning?

Yes, you can rely on an annuity calculator to plan your retirement, but always treat the result as an estimate. It shows a clear picture of what you may receive, which helps you prepare. But things like taxes, future changes, or costs may affect your money later. It is a great tool for getting started.

9. Is there a fee for using an annuity calculator?

No, there is no fee. Annuity calculators are free to use. You can use them online from your phone or computer. You do not have to pay any money or sign up for anything. They are simple and safe tools for everyone. These calculators are made to help people plan for retirement in a smart and easy way. You can use them anytime and try different amounts as many times as you want.

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Annuity Calculator: Annuity Deposit Calculator Online in India

What Is an Annuity?

What Is Annuity Calculator?

How Does Annuity Calculator Work?

Results of Annuity Calculator

Accumulation Schedule

Annuity Accumulation Schedule Example

Types of Annuities

Fixed Annuity

Variable Annuity

Immediate Annuity

Deferred Annuity

Lifetime Annuity

Joint and Survivor Annuity

Inflation-Protected Annuity

Fixed-Index Annuity

Steps to Use an Annuity Calculator

Step 1: Choose the Right Annuity Calculator

Step 2: Enter Your Personal Details

Step 3: Add Your Savings Amount

Step 4: Select the Type of Annuity

Step 5: Choose the Payment Frequency

Step 6: Set the Duration

Step 7: Review the Results

Step 8: Check Different Scenarios

Benefits of Annuity Calculator

Easy to Use

Helps with Planning

Saves Time

Flexible and Customizable

Provides Clear Results

Factors Affecting Your Annuity Plans

Your Age

Amount You Put In

Type of Plan Chosen

Time Before Payments Start

Payment Frequency

Common Mistakes to Avoid When Using an Annuity Calculator

Entering Wrong Details

Not Choosing the Right Plan Type

Skipping Payment Frequency Option

Not Updating for Life Changes

Conclusion

Frequently Asked Questions

1. What is an annuity calculator?

2. How to calculate an annuity?

3. Why do we calculate annuity?

4. Can an annuity calculator predict future returns accurately?

5. Can an Annuity Calculator help with retirement planning?

6. Is the Annuity Calculator accurate?

7. Do I need to know any financial terms to use the Annuity Calculator?

8. Can I rely on an annuity calculator for planning?

9. Is there a fee for using an annuity calculator?

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