Enter your starting balance, monthly contributions, and how long you'll grow the money. We'll estimate the guaranteed monthly and annual income an annuity could generate during your payout years.
For illustrative purposes only. Actual annuity payouts depend on the carrier, product, current interest rates, your age, and contract terms. Not financial advice.
We compound your starting principal and monthly contributions at your expected growth rate to project a future balance. That balance is then converted into a level monthly income over your payout period.
Fixed and MYGA annuities today commonly credit 4%–6%. Fixed indexed annuities are tied to market performance with a floor of 0%. Historical stock market returns average around 7%–8% before fees.
Payout rates depend on your age, gender, and product type. A 65-year-old buying a lifetime income annuity today might see payout rates in the 5%–7% range.
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