Pension Calculator

Use this calculator to compare the equivalent present value of a lump sum vs. monthly pension payments.

Option 1: Lump Sum Payment

Option 2: Monthly Pension Payment

What is a Pension Calculator?

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.

How to Use a Pension Calculator

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.

Lump Sum vs. Monthly Pension: Which is Better?

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.