How much monthly income could your savings provide?
A simple way to see the guaranteed monthly income a lump sum can provide for life — with your principal protected for your heirs by a cash-refund guarantee.
No sign-up needed to see your number.
Figures are the top current immediate-annuity payouts from carriers we have access to for the inputs you chose, quoted as single life with a cash-refund guarantee (your heirs receive any premium not yet paid back to you). Income is guaranteed for life — it is not a hypothetical or projected return. Payouts shown assume a representative state and a non-qualified (after-tax) deposit; your exact quote varies slightly by state. Rates change frequently and are subject to each insurer's claims-paying ability.
Frequently asked questions
Is this income really guaranteed for life?
Yes. A single premium immediate annuity (SPIA) converts a lump sum into a paycheck the insurer must pay for as long as you live — there is no market assumption and no "hypothetical" return. The only number is the one you see. It is backed by the issuing carrier and your state's guaranty association.
What if I die early — do I lose the money?
No. Every quote here is life with cash refund: if you pass before the payments add back up to your original deposit, your beneficiary receives the difference as a lump sum. You trade a little monthly income for the certainty that the balance never disappears.
Why is only part of each payment taxable?
With after-tax (non-qualified) money, the IRS treats part of every check as a tax-free return of your own principal and only taxes the interest portion — the "exclusion ratio." That's the smaller "taxable" figure shown next to each payout. (Money from an IRA is fully taxable, since it was never taxed going in.)
How is this different from an indexed annuity with an income rider?
An indexed annuity (FIA) with a rider keeps your account value and a death benefit, but pays less guaranteed income and charges an annual fee. A SPIA gives up access to the principal in exchange for the highest guaranteed income per dollar and no fee. If you want flexibility and a legacy more than maximum income, the FIA route may fit.
Can I change my mind later?
A SPIA is a permanent decision once the free-look period ends — that's the trade for the higher payout. The cash-refund guarantee protects your heirs, but the income stream itself can't be cashed out. Because it's irreversible, talk it through with a licensed professional (and your tax advisor) before you commit.