How Much $200k Annuity Buys: Find Out What You’re Getting for Your Money

Shawn Plummer

CEO, The Annuity Expert

When it comes to retirement planning, one of the most important decisions you’ll make is how to invest your money. One option is an annuity, which can provide a steady stream of income for the rest of your life. But how much a $200k annuity buys you varies depending on the type of annuity you choose. In this guide, we’ll take a look at what you can expect from different types of annuities. We’ll also discuss how to find the best annuity for your needs. So if you’re thinking about investing in an annuity, be sure to read this post!

How Much A $200k Annuity Buys At Age 40

A 40-year-old wanting to start lifetime income at age 60 will receive about $1,890 per month from a deferred annuity with a lifetime income rider with a payout rate of about 4.20 percent.

A 40-year-old wanting to start lifetime income at age 65 will receive about $2,153 per month from a deferred annuity with a lifetime income rider with a payout rate of about 5.97 percent.

A 40-year-old wanting to start lifetime income at age 70 will receive about $2,546 per month from a deferred annuity with a lifetime income rider with a payout rate of about 7.06 percent.

How Much A $200k Annuity Buys At Age 50

A 50-year-old wanting to start lifetime income at age 60 will receive about $1,540 per month from a deferred annuity with a lifetime income rider with a payout rate of about 4.20 percent.

A 50-year-old wanting to start lifetime income at age 65 will receive about $1,919 per month from a deferred annuity with a lifetime income rider with a payout rate of about 4.70 percent.

A 50-year-old wanting to start lifetime income at age 70 will receive about $2,400 per month from a deferred annuity with a lifetime income rider with a payout rate of about 6.00 percent.

How Much A $200k Annuity Buys At Age 60

A 60-year-old wanting to start lifetime income at age 60 will receive about $925 per month from a deferred annuity with a lifetime income rider with a payout rate of about 5.55 percent.

A 60-year-old wanting to start lifetime income at age 65 will receive about $1,342 per month from a deferred annuity with a lifetime income rider with a payout rate of about 5.75 percent.

A 60-year-old wanting to start lifetime income at age 70 will receive about $1,950 per month from a deferred annuity with a lifetime income rider with a payout rate of about 6.50 percent.

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Bottom Line

 When it comes to retirement planning, one of the most important decisions you’ll make is how to invest your money. One option that can provide a steady stream of income for the rest of your life is an annuity. But how much a $200k annuity buys you varies depending on the type of annuity you choose. Contact us today for a quote and we can help walk you through all your options so you can make the best decision for your future.

How Much $200K Annuity Buys

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Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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