A quick and easy way to calculate the present value of an annuity. The figures provided by this calculator are for illustrative purposes only. Calculations are only a guide and cannot be guaranteed. Actual figures will vary in individual circumstances.

Complete the information required and click the 'Calculate' button.

Enter the amount you would like to withdraw each month:

Enter the Annual Interest Rate you expect to earn (e.g. 5.00):

Enter the number of years you would like to make monthly withdrawals:

This is how much you need to have saved:

This calculator does not take into account what you may receive in State benefits or from any other source.

This calculator assumes you are a basic rate tax payer and that tax relief will be added to the payment you pay.

Results are for your general information and use only and are not intended to address your particular requirements. Results should not be relied upon in their entirety and shall not be deemed to be, or constitute, advice. Although endeavours have been made to provide accurate results and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of using this calculator. Thresholds, percentage rates and tax legislation may change in subsequent finance acts. Levels and bases of and reliefs from taxation are subject to change and their value depends on the individual circumstances of the investor. The value of your investments can go down as well as up and you may get back less than you invested.