How Much Income Does An Annuity Pay You Per Month?

Shawn Plummer

CEO, The Annuity Expert

A $100,000 Annuity would pay you $521 per month for the rest of your life if you purchased the annuity at age 65 and began taking your monthly payments in 30 days.

How much do annuities pay per month? This guide will provide a general estimation of how much money you can get per month on a guaranteed basis (not a hypothetical basis) from the highest-paying annuities in 2021.

I’ve researched 57 major annuity companies with 326 eligible products using our annuity payout calculator to determine exactly how much money you can get every month. These are the best lifetime annuity rates.

Income payments are for the rest of your life and will not run out even if your annuity runs out of money.

If there’s anything left in the account, your beneficiaries will inherit the remainder in a lump sum (in most cases).

  1. First, single life payouts are based on 1 person’s lifetime.
  2. Secondly, Joint Life is your income payment paid out over your and your spouse’s lifetimes.
  3. Thirdly, I’m not using annuitization values in the quotes.

This case study uses deferred annuity contracts with income riders and does not use immediate annuities or deferred income annuities.

Income generated from annuitizing contracts doesn’t justify giving up control of your retirement savings.

How Much Will An Annuity Pay Per Month?

How much do annuities pay? The table shows how much a $100,000 annuity pays per month starting immediately and the monthly annuity payment for $200,000, $300,000, $500,000, and a $1,000,000 annuity. The longer the time before starting the payout, the higher the income amount.

Annuity rates change frequently and vary by state.

Immediate Payouts

Age$100,000$200,000$500,000$1,000,000
55$365.00$730.00$1,825.00$3,650.00
56$372.00$744.00$1,860.00$3,720.00
57$381.00$762.00$1,905.00$3,810.00
58$388.00$776.00$1,940.00$3,880.00
59$397.00$794.00$1,985.00$3,970.00
60$438.00$876.00$2,188.00$4,380.00
61$438.00$876.00$2,188.00$4,380.00
62$438.00$876.00$2,188.00$4,380.00
63$442.00$884.00$2,210.00$4,420.00
64$450.00$900.00$2,250.00$4,500.00
65$479.00$958.00$2,395.00$4,790.00
66$479.00$958.00$2,395.00$4,790.00
67$479.00$958.00$2,395.00$4,790.00
68$483.00$966.00$2,415.00$4,830.00
69$492.00$984.00$2,460.00$4,920.00
70$521.00$1,042.00$2,605.00$5,210.00

Estimate Your Retirement Income Payments

Take advantage of 17 different annuity calculators to generate estimates, then request a quote.

How much does a $100,000 annuity pay per month?

After researching 326 annuity products from 57 insurance companies, our data calculated that a $100,000 annuity will pay between $414 and $1,905 per month. The income amounts are factored by the age you purchase the annuity contract and the length of time before taking the income.

Immediate Income

You can estimate the monthly annuity payments when you know the price, interest rate, and how often you receive payments.

For example, a 10-year fixed annuity with a principal amount of $100,000 and a 2 percent annual growth rate would generate a monthly income of roughly $1,010.

Immediate Lifetime Income: Age 60

AnnuityMonthlyAnnual
Symetra$438$5,256
AIG$433$5,200
Nationwide$394$4,728

Immediate Lifetime Income: Age 65

AnnuityMonthlyAnnual
AIG $521$6,250
Symetra$479$5,748
Nationwide$472$5,665

Immediate Lifetime Income: Age 70

AnnuityMonthlyAnnual
AIG $521$6,252
Symetra$521$6,252
Nationwide$495$5,940

How much does a $250,000 annuity pay per month?

After researching 326 annuity products from 57 insurance companies, our data calculated that a $250,000 annuity will pay between $1,041 and $3,027 per month for a single lifetime and between $937 and $2,787 per month for a joint lifetime (you and spouse), income amounts are factored by the age you purchase the annuity contract, and the length of time before taking the income.

How much does a $500,000 annuity pay per month?

After researching 326 annuity products from 57 insurance companies, our data calculated that a $500,000 annuity will pay between $2,083 and $6,055 per month for a single lifetime and between $1,875 and $5,575 per month for a joint lifetime (you and spouse), income amounts are factored by the age you purchase the annuity contract, and the length of time before taking the income.

How much does a $750,000 annuity pay per month?

After researching 326 annuity products from 57 insurance companies, our data calculated that a $750,000 annuity will pay between $3,125 and $9,083 per month for a single lifetime and between $2,813 and $8,362 per month for a joint lifetime (you and spouse), income amounts are factored by the age you purchase the annuity contract, and the length of time before taking the income.

How much does a $1,000,000 annuity pay per month?

Invest 1 million dollars. An annuity will distribute a guaranteed income between $4,167 and $12,110 per month for a single lifetime and between $3,750 and $11,149 per month for a joint lifetime (you and spouse). Income amounts are factored by the age you purchase the annuity contract and the length of time before taking the income.

Invest 1 million dollars, guaranteed income = Between $50,000 to $231,000.00 a year for life.

How much does a $100,000 annuity pay per month in the future?

After researching 326 annuity products from 57 insurance companies, our data calculated that a $100,000 annuity will pay:

  • If you’re 30 years old right now and you don’t deposit any more money, you’ll receive $11,130.34 annually starting at age 60. This comes out to $927.53 a month for the rest of your life.
  • If you’re 40 years old right now and you don’t deposit any more money, you’ll receive $10,538.00 annually starting at age 60. This comes out to $878.17 a month for the rest of your life.
  • If you’re 50 years old right now and you don’t deposit any more money, you’ll receive $9,019.00 annually starting at age 60. This comes out to $751.58 a month for the rest of your life.
Age606570
30*$950$1,239$1,880
40$878$1,077$1,232
45$792$988$1,185
50$740$913$1,293
55$596$836$1,003
$100,000 is the premium amount used to generate monthly income. *Deferred Income Annuitized Payments

How much does a $1,000 a month annuity cost?

AgePremium AmountMonthly Income
60$240,000$1,000
65$211,827$1,000
70$200,000$1,000
75$181,818$1,000
Immediate Monthly Income

Understanding Lifetime Income Riders

Annuity Basics

YouTube video

Adding Lifetime Income Riders

YouTube video

Conclusion

There you have it. You now have a better idea of how much annuities payout to you monthly in retirement.

Just know that these amounts change monthly for better or for worse. You can grasp a better idea by using an annuity calculator.

Find Out How Much An Annuity Can Pay You Per Month

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At The Annuity Expert, we strive to help you make confident financial decisions regarding annuities. Content provided is created by an independent licensed financial professional.

The Annuity Expert is an online insurance agency that provides the widest variety of annuities in the United States. When you buy an annuity directly from us, we receive a predetermined commission from the insurance company (not you). While your annuity is active, clients are not charged any servicing or management fees. Learn more.

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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