Pension Lump Sum vs. Monthly Payment Calculator

You're being offered a one-time lump sum or a monthly pension for life. Which is worth more? Enter your numbers below — no sign-up, no email.

Your age How old you are today

Expected lifespan Age you expect to live to

Lump sum offer ($) The one-time payment they're offering Monthly pension ($) What you'd get every month instead Expected annual return (%) What you think you could earn investing the lump sum (a typical estimate is 5–6%)

Total pension collected
Present value of pension
Future value of lump sum
Break-even age