Use this calculator to compare the equivalent present value of a lump sum vs. monthly pension payments.
A pension calculator helps you estimate the value of your retirement benefits, whether it's a lump sum or monthly pension payout. It's an essential tool for making informed decisions about retirement planning and financial security in your later years.
Enter your age, expected lump sum payment, monthly pension income, and estimated investment return or cost-of-living adjustment to get a comparison of both options. This calculator helps determine which option suits you best based on your life expectancy and financial goals.
The decision between a lump sum payout and a monthly pension income can be difficult. Generally, a lump sum gives you immediate access to a large amount of money, which you can invest or use. However, if you expect to live longer and want stable, guaranteed income, the monthly pension may be better.