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Payout Annuity Calculator

  • 1 Step 1 of 3: Getting StartedGetting Started
  • 2 Annuity Details
  • 3 Income Summary

Step 1 of 3: Getting Started

Product Single Life Annuity
Joint Life Annuity
Term Certain Annuity

Tips for Using the Calculator

Eligibility requirements Other Resources

While anyone can use this calculator for illustration purposes, to purchase an RBC Payout Annuity, you must be:

  • A Canadian resident
  • Between the ages of 55 and 80 for Life Annuities
  • Between the ages of 18 and 80 for Term Certain Annuities
  • Interested in investing between $50,000 and $1 million

Note: Please contact an RBC Insurance® advisor if you are interested in investing over $1 million.

If you're not sure of your retirement income needs, you may want to use one of the tools below before using the Payout Annuity calculator:


Respecting your privacy is important to us. RBC Insurance does not retain any of the personal information that you provide in the Payout Annuity Calculator screens.

This calculator is for illustration purposes only and contains general information that we hope will help you determine solutions for your unique needs. These results are based on the accuracy and completeness of the data you have entered and are for informational purposes only and should not be relied on for advice.

The strategies, information and technical content are provided for your general guidance, based on information we believe to be accurate, but we cannot guarantee its accuracy or completeness. This calculator is not intended as nor does it constitute financial, tax or legal advice. You should consult your own lawyer, accountant or other professional when planning to implement a strategy. This will ensure that your own circumstances have been considered properly and that action is taken on the latest available information. Interest rates, market conditions, tax rules and other investment factors are subject to change.

RBC Life Insurance Company makes no warranties, expressed or implied, as to the accuracy or completeness of the information contained herein. RBC Life Insurance Company shall not be liable for any losses or damages arising from any errors or omissions in such information or results, or any advice or decision made by you in reliance on any information or results.


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