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Annuity Calculator

With an annuity with Due you can expect a 3% guaranteed interest rate on your money. The annuity calculator below will show you how much money you’ll need to save on a monthly basis to be able to retire with the amount of monthly money you want.


Monthly Contribution ($)
One Time Contribution ($)
Yearly Contribution Percentage Increase (%)

Rates & Ages

Annual Growth Rate (%)  
Current Age  
Retirement Age  


Balance at 87


Monthly Payouts at 87

Calculate an Annuity Today

With our annuity calculator you can easily know exactly how much money it will take to retire in the quickest way possible.

How we calculate is simple.

  1. Add the sum of all the payments
  2. Add the interest received.
  3. Divide this up among the months you’ll live.

However, Due makes it simple. You make monthly payments and we give you 3% interest on your money. We then give you a number that you’ll get each month for the rest of your life. Use our simple annuity calculator to see exactly how much money you’ll get each month.

Immediate Annuity Calculator

Income Annuity Estimator is easy with our immediate annuity calculator that will show you how much money you’ll get right now depending on how much money you deposit into your annuity account.

Calculate your future payout in a matter of seconds. Signup, login and deposit money. You’ll start receiving your monthly immediate annuity payments in a matter of 30 – 60 days. Payments will be the 1st and 3rd weeks of every month.

How we calculate and annuity?

The Due Annuity Formula
  1. Monthly Contributions = How much you deposit monthly?
  2. One Time Payment = How much money you deposit one time?
  3. Interest Rate = 1% for Free Accounts, 3% for Pro Due Customers
  4. Current Age = How old you currently are right now?
  5. Retirement Age = What age do you plan to retire?

You Are Always in Control

You can invest as much as you would like each month, no limits. The more you invest, the more you’ll get each month when you retire.


Want to cash-out your annuity? You can cash out at any time. Yes, there are a few fees to bring out your money early. Typically this ranges from 2% – 8% as your money is invested. The longer you have your money invested, the lower that fee becomes.

Annuity Calculator FAQ's

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Today we’re going to teach you about an Annuity. Regardless of your financial goals and status, everyone needs to have a plan for retirement. Unfortunately, 64% of Americans have reported that they are not prepared for retirement. More troubling is the fact that 48% don’t even care.


While there are a variety of reasons, like not having enough money to save, the fact is you need to think about your retirement yesterday. Even if you begin stashing money away in a savings account each month is better than nothing. At some point though, you are going to have to step-up your retirement plan by investing in retirement savings vehicles like a 401(k) or an IRA.


But, have you also considered additional retirement plans like annuities? If not, you may want to. Although frequently misunderstood, it can be an effective way to generate a stream of lifetime income — guaranteed.


If that sounds too good to be true, then dive into the following annuities guide. It will explain everything that you need to know about annuities so that you can determine if they fit into your retirement plan.


What You’ll Find in This Guide

In this guide, we’ll look at the pros and cons of annuities. We’ll discuss the options and the values, and we’ll explain what you need to know as you consider using this financial tool to give yourself a more secure financial future.

While all annuities swap a customer’s payments for a future return, annuities come in a range of different versions. In addition to being either deferred or automatic, they can also be variable or fixed, and they can be limited and set for life. Their values vary over time and the rates that they deliver to customers can also vary between insurance companies.

As you consider adding an annuity to your financial toolbox, we’ll make sure that you have the information you need to decide whether this tool suits you and which kind of annuity suits you best.

An Overview of Annuities

Before getting too far ahead of ourselves, let’s quickly explain what an annuity is.


Believe it or it’s actually an insurance product. Specifically, it’s a contract between you, the annuitant, and an insurance company where you’ll make a single payment or series of payments, also known as premiums. In return, you’ll receive regular disbursements that begin either immediately or sometime in the future.


That may sound confusing. And, that’s to be expected. After all, annuities can be very complex. So, the easiest way to think of an annuity is when you purchase travel insurance or a warranty on a new vehicle. They offer protection in case your trip gets canceled or your car breaks-down. Annuities guarantee that you’ll receive a steady income for the rest of your life.


Because of this, annuities are often used as a way to save for retirement. When you go this route, you’re essentially paying an insurance entity to grow that money. And, more importantly, send you payments when you retire.


However, some prefer to convert their savings into a stream of retirement income. But, you do have the option to do both. If so, the insurance company will delay the pay-out until the future.

While this might be a lot to wrap your head around, the main takeaway should be this; with annuities, you pay an insurance provider. As a result, they’ll assume the risk of you outliving your retirement savings if you happen to outlive your income. What’s more, you’re also safe from market risks.

Chapters - Annuity Chapters

Due Fact-Checking Standards and Processes

To ensure we’re putting out the highest content standards, we sought out the help of certified financial experts and accredited individuals to verify our advice. We also rely on them for the most up to date information and data to make sure our in-depth research has the facts right, for today… Not yesterday. Our financial expert review board allows our readers to not only trust the information they are reading but to act on it as well. Most of our authors are CFP (Certified Financial Planners) or CRPC (Chartered Retirement Planning Counselor) certified and all have college degrees. Learn more about annuities, retirement advice and take the correct steps towards financial freedom and knowing exactly where you stand today. Learn everything about our top-notch financial expert reviews below… Learn More