How to Invest $10 Million for Income

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

How to Invest $10 Million to maximize income

Placing a portion of your $10 million in savings accounts, Certificates of Deposit (CDs), or money market accounts is a conservative strategy prioritizing safety. These accounts offer a stable interest rate, ensuring a predictable income stream. For example, a high-yield savings account might offer an annual percentage yield (APY) of 1%, turning a $10 million investment into a $100,000 yearly income without touching the principal.

Invest $10 Million

Annuities: The Bedrock for Guaranteed Income

Annuities are another solid choice, particularly for those seeking a guaranteed income. An annuity contract with an insurance company can provide a steady income ranging from $55,000 to $80,000 annually for each million invested. This rate varies with your age and the specifics of the annuity plan chosen. Annuities can serve as a pillar, providing peace of mind through a stable cash flow, especially during retirement.

A Table of Income Options for Your $10 Million

Investment TypeEstimated Annual Income per $1 MillionFeatures
Savings Account$10,000 (at 1% APY)Low risk, FDIC insured up to $250,000
CD$15,000 (assuming 1.5% APY)Fixed term, FDIC insured up to $250,000
Money Market Account$12,000 (assuming 1.2% APY)Higher yield than savings, FDIC insured
Annuity$55,000 – $80,000Guaranteed income, rates vary by age

The Path to Financial Serenity

By allocating your $10 million across these options, you can tailor your income to your needs and risk tolerance. A balanced approach might involve investing a portion in annuities for guaranteed income and the remainder in interest-bearing accounts for liquidity and additional earnings.


Investing $10 million judiciously in interest-bearing accounts and annuities can offer financial stability and serenity. The combination of predictable interest income and the reliability of annuities provides a dual approach to safeguarding and enjoying your wealth. By understanding and using these vehicles, you can set a course for a secure financial future, reaping the benefits of substantial and sustained income year after year.

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Frequently Asked Questions

What’s the safest investment for $10 million to generate income?

Diversifying with a mix of fixed-income securities, blue-chip dividend stocks, and stable real estate investments is considered safe and income-producing.

Can $10 million in investments provide lifetime income?

With proper management and a balanced portfolio, $10 million can offer a sustainable income across a lifetime.

Is a financial advisor necessary for managing $10 million?

Yes, an advisor is highly recommended for personalized investment strategies and navigating complex financial and tax planning.

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

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

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