Wondering how much income your annuity will give you each month? Use these simple formulas to find out fast.

A $50,000 annuity could help boost your income during retirement, but it’s important to know what your monthly payments might look like before you invest.

A $400,000 annuity purchased at 75 could come with big monthly payouts, but it depends on a few different factors.

The future value of an annuity is the total value of a series of recurring payments at a specified date in the future.

An annuity at Due, on the other hand, is a payment made at the beginning of each period. Common examples: Home mortgages. It is typical for monthly payments to be made at the end of each month.

The present value of an annuity is the current value of future payments from that annuity, given a specified rate of return or discount rate.

However, the difference between a Due annuity and an ordinary annuity can seem negligible for individuals who receive regular payments from other income sources.

Beyond choosing what kind of annuity to purchase – immediate vs. deferred and fixed, indexed or variable, you'll also need to consider how to receive your annuity payments.

Nice deal if you can get it: a retirement product that combines stock returns with longevity pooling.

But figuring out exactly how much income you'll receive from an annuity isn't always a straightforward process. There's no universal answer for what your annuity payments will be, as the monthly ...

Ordinary annuity With an ordinary annuity, payments are made at the end of a covered term. Ordinary annuity payments are usually made monthly, quarterly, semiannually, or annually.