LIVE RATES
SPIA · age 65 · $100k → $625/moMYGA 5-yr 6.30%MYGA 3-yr 6.00%Fixed-index cap 9.25%Deferred · 60→70 · $100k → $1,180/mo10-yr Treasury 4.21%
The Annuity Ledger
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IMMEDIATE ANNUITY · PAYOUT ESTIMATOR

What does an annuity pay per month?

Enter a premium, age, and payout option to estimate the guaranteed monthly income from a single-premium immediate annuity (SPIA). Grounded in current U.S. market rates — an estimate, not a quote.

Your inputs
$
607080
Sourced quote ages 60–80
Male
Female
Joint · same age
Life only
Life + 10yr certain
Life + 20yr certain
20yr certain only
Estimated income Life only · Male · 65
$625
per month
Annual income$7,500
Payout rate *7.5%
Premium$100,000

* The payout rate is not an interest rate or investment yield — most of each payment is a return of your own principal. A high payout rate does not mean a high return.

If you bought at a different age

↑ Buying older raises the monthly payout because the insurer expects to pay for fewer years. Adding a period-certain or joint guarantee lowers the payout — you're buying protection for heirs or a spouse. Every option is a trade between income now and a guarantee later. That trade is the whole decision.

HOW THIS IS CALCULATED

The assumptions, on the record.

This estimate is anchored to observed U.S. single-premium immediate annuity (SPIA) payout rates as of April 2026, sourced from annuity.org's published $100,000 payout tables — an average of shopped quotes. We interpolate between quoted ages (60–80) and scale linearly with premium.

It is an estimate, not a quote, and not individualized financial advice. We’re independent and don’t sell annuities. Real offers move with the interest-rate environment on your purchase date and can differ meaningfully from one insurer to the next — always shop several.

What this estimate does NOT account for
  • Taxes. Figures are pre-tax. How they're taxed depends on the source: money from a qualified (pre-tax) account is fully taxable as income; a non-qualified annuity uses an "exclusion ratio" so part of each payment is an untaxed return of principal.
  • Inflation. These are level, nominal payments. Without a cost-of-living rider, purchasing power erodes over a 20–30 year retirement — a fixed $625/mo buys far less in 20 years.
  • Health / impaired-risk pricing. If you have health conditions that shorten life expectancy, a medically-underwritten SPIA can pay materially more than these standard figures.
  • Joint pairing. "Joint" figures assume a same-age male + female couple with 100% continuing to the survivor. A same-sex couple, an age gap, or a reduced survivor benefit changes the payout — get a quote for your exact pairing.
  • State premium tax & premium size. A few states levy a premium tax that lowers your effective premium; very large premiums sometimes earn slightly better rates.
  • Rate lock. The age ladder assumes today's rates at each age. A SPIA bought later is priced at future rates — only a deferred income annuity (DIA) locks a future payout today.
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