Compare Guaranteed Annuity Payouts
Our income annuity calculator helps you compare payouts from 50+ top-rated insurance companies in real time. Instead of guessing what your retirement savings can provide, you’ll see precisely how much guaranteed lifetime income your money can generate.
Think of this tool as a retirement paycheck generator. Enter your age, state, and premium amount, then select when you want income to begin. The calculator instantly displays your annual and monthly payouts, ranked from the highest-paying insurers to the lowest.
This calculation isn’t a rough estimate — it’s a side-by-side comparison of actual annuity contract payouts available today in the United States.
👉 Book a free call with The Annuity Expert to secure your highest payout now.
Calculator Instructions
- Input your current age
- Select your resident state
- Input your retirement savings amount (premium)
- Choose when to start income (immediately or deferred)
- Solve the security question and click Get My Quote
Your results will include:
- Financial Rating: We recommend carriers rated A- or better.
- Annual Income: Contractually guaranteed payout for life.
- 10-Year & 30-Year Totals: Shows long-term income potential.
Note: This tool illustrates two types of annuity payouts: Advanced and Level payouts. An advanced income annuity provides much higher income early on, then decreases after 10+ years. A level income annuity, by contrast, pays the same amount every year for life.
Contact us for a free comparison table showing guaranteed lifetime income payouts across top insurance carriers.
Annuity Payout Calculation Request
Factors That Influence Annuity Payments
- Age at Purchase: Older buyers receive higher payouts since insurers expect to pay for fewer years.
- Start Age: Deferring income increases your eventual payout.
- Deferral Period: The longer you wait, the larger your income grows.
- Payout Option: Single-life pays more, joint-life pays less, but protects spouses.
- Premium: Larger contributions generate larger retirement paychecks.
- State Rules: Local regulations can affect contract terms.
Annuity Payout Options Explained
In addition to a lump sum payout option, all annuities provide a series of payments. Here’s a breakdown of the annuity payment options via annuitization or Guaranteed Lifetime Withdrawal Benefits:
- Single-Life Only – Pays income for one person’s lifetime. Stops at death—no death benefit.
- Joint and Survivor – Pays income for two lives. Survivor continues at 100%, 75%, or 50% of its original payment—no extra death benefit.
- Period Certain – Pays for a set number of years (10–20). If death occurs early, the remaining payments are distributed to the beneficiaries.
- Life with Period Certain – Pays for life, with a guaranteed minimum term. Beneficiaries receive remaining payments if death occurs early.
- Level Single-Life (GLWB) – Lifetime income at a fixed level. Any unused balance may go to beneficiaries.
- Increasing Single-Life (GLWB) – Lifetime income that grows over time, often for inflation. The remaining balance may go to the heirs.
- Level Joint-Life (GLWB) – Lifetime income for two lives at a fixed level. Beneficiaries may receive the unused balance after both deaths.
- Increasing Joint-Life (GLWB) – Rising lifetime income for two people. The remaining balance may go to the heirs after both deaths.
Best Option: Level or Increasing GLWB — they provide lifetime income, earn interest, flexibility, and allow unused funds to pass to beneficiaries.
Helpful Tip: Not all riders are created equal. Some carriers pay significantly more for the same deposit. See which companies with the highest income riders are topping the charts this month.
Annuity Payout Options at a Glance
| Option | How It Works | Death Benefit | Best For |
|---|---|---|---|
| Single-Life Only | Pays income for one life; stops at death | None | Individuals wanting the highest income with no need for legacy |
| Joint & Survivor | Pays income for two lives; survivor continues at 100%, 75%, or 50% | None beyond survivor payments | Couples wanting lifetime income protection for both spouses |
| Period Certain | Yes, after both deaths, if the balance remains | Remaining payments go to heirs | Yes, if the balance remains |
| Life with Period Certain | Lifetime income + minimum guaranteed term | Remaining term paid to heirs | Retirees who want income for life plus some legacy |
| Level Single-Life (GLWB) | Fixed income for life with a rider; unused balance may go to heirs | Those wanting a stable income with flexibility | Yes, if the balance remains |
| Increasing Single-Life (GLWB) | Lifetime income that rises over time | Yes, after both deaths, if the balance remains | Individuals worried about inflation risk |
| Level Joint-Life (GLWB) | Fixed lifetime income for two lives | Couples wanting a stable dual income with legacy potential | Yes, after both deaths, if the balance remains |
| Increasing Joint-Life (GLWB) | Rising income for two lives | Yes, after both deaths, if the balance remains | Couples wanting inflation protection and security |
Annuity Costs You Should Expect
The cost of an annuity depends on the type and features you select.
- Minimum Premiums: Most fixed, fixed index, and variable annuities require at least $5,000 to start. Single Premium Immediate Annuities (SPIAs) usually begin at $20,000.
- Riders and Add-Ons: Features like a Guaranteed Lifetime Withdrawal Benefit (GLWB) typically cost about 1% of the account value each year, deducted directly from the annuity.
- Large Contracts: Premiums exceeding $1 million often require special carrier approval (Large Case Approval) before issuance.
- Liquidity Costs: Even when no annual fees apply (as is common with fixed products), the main cost is the restricted access to your money. Withdrawals during the surrender period usually trigger penalties and reduce your payout.
In short, while annuities may not carry upfront fees like mutual funds or advisory accounts, the actual “cost” is in liquidity limits and optional rider charges.
Annuity Cost Comparison
| Annuity Type | Minimum Premium | Typical Fees | Special Rules |
|---|---|---|---|
| SPIA (Single Premium Immediate Annuity) | $20,000 | No direct fees | Irrevocable once purchased |
| Fixed Annuity (including MYGAs) | $5,000 | No fees unless riders are added | Surrender charges limit liquidity |
| Fixed Indexed Annuity (FIA) | $5,000 | No base fee; ~1% annually if GLWB rider is added | Growth limited by caps/participation rates |
| Variable Annuity | $5,000 | 2–4% annually (M&E, fund fees, riders) | Higher risk; subject to market volatility |
| Large Annuities | $1,000,000+ | Same as above | Require carrier approval before issue |
Popular Annuity Payout Scenarios
Choose the amount closest to the premium you are considering. Each guide includes 2026 illustrative monthly payouts by age and start date, plus level, increasing, joint-life, and advanced payout options. Actual payouts vary by age, state, gender where applicable, start date, contract, and selected guarantees.
Annuity Payouts From $10,000 to $100,000
- How Much Does a $10,000 Annuity Pay Per Month?
- How Much Does a $50,000 Annuity Pay Per Month?
- How Much Does a $60,000 Annuity Pay Per Month?
- How Much Does a $75,000 Annuity Pay Per Month?
- How Much Does an $80,000 Annuity Pay Per Month?
- How Much Does a $100,000 Annuity Pay Per Month?
$150,000 to $500,000 Annuity Payouts
- How Much Does a $150,000 Annuity Pay Per Month?
- How Much Does a $200,000 Annuity Pay Per Month?
- How Much Would a $250,000 Annuity Pay?
- How Much Does a $300,000 Annuity Pay Per Month?
- How Much Does a $350,000 Annuity Pay Per Month?
- How Much Does a $400,000 Annuity Pay Per Month?
- How Much Does a $500,000 Annuity Pay Per Month?
$600,000 to $1 Million Annuity Payouts
- How Much Does a $600,000 Annuity Pay Per Month?
- How Much Does a $700,000 Annuity Pay Per Month?
- How Much Does a $750,000 Annuity Pay Per Month?
- How Much Does a Million Dollar Annuity Pay?
$1.5 Million to $5 Million Annuity Payouts
- How Much Would a $1.5 Million Annuity Pay?
- How Much Does a $2 Million Annuity Pay Per Month?
- How Much Would a $5 Million Annuity Pay?
These pages provide educational estimates rather than personalized quotes. Current carrier payouts can change and may differ based on the applicant and selected income features.
Specialized Annuity Calculators
Need a more specific calculation? Use our specialized tools to model unique retirement paths:
- TSP Annuity Calculator: Estimate your future savings and lifetime payout options inside the Thrift Savings Plan.
- Annuity vs. Lump Sum Calculator: Compare the long-term math of taking a lottery, pension, or lawsuit settlement as a lump sum versus structured payouts.
Top Annuity Companies We Compare:
Compare All Types of Annuities
We compare a full range of annuity products — from simple fixed annuities to variable and more complex contracts — each with different investment options and risk levels. By reviewing multiple carriers side by side, we help you identify the product that best fits your income needs, risk tolerance, and long-term goals.
Many annuities can also be funded directly from retirement accounts, including the Thrift Savings Plan (TSP), Federal Employees Retirement System (FERS), pensions, or the Civil Service Retirement System (CSRS). Rolling these funds into the right annuity can transform your savings into a personal pension plan with guaranteed lifetime income.
Use our free guides and blogs as a starting point, and then contact us for personalized quotes. Our service is free of charge.
Secure the Highest Retirement Income Now
Pro Tip: Calculator estimates are useful, but a formal quote locks in your rate and protects you from market fluctuations. Request a personalized annuity quote to receive a customized PDF illustration of the top three highest-paying annuities for your specific age and state.
👉 Lock in the highest retirement paycheck today. Don’t buy from just one company and risk leaving money on the table. Compare side-by-side quotes from 50+ top-rated insurers with The Annuity Expert — free, fast, and with no pressure.
Book your free call now and turn your savings into the maximum guaranteed income for life.
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Feel free to contact us for help or advice on annuities. The service is free of charge.