Not financial, tax, investment, or legal advice. This calculator is for general information and entertainment only. The figures are estimates from simplified assumptions — they are not a prediction and may not match your actual taxes, returns, or situation. Always consult a qualified financial, tax, or legal professional before making any decision.
Present value vs. discount rate
The annuity's value falls as your discount rate rises. Where it crosses the cash line is the break-even rate.
Powerball & Mega Millions pay the annuity as 30 graduated payments (the first now, then 29 annual payments each 5% larger). We tax every payment at the combined rate and discount future payments to today's dollars. These are estimates for general information only and are not financial, tax, investment, or legal advice. Real tax brackets, state rules, and investment returns vary, and the figures may be inaccurate or out of date — do not rely on this tool to make any decision. Consult a licensed financial or tax professional about your specific situation.