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Fixed Annuity Calculator

Fast, accurate, and easy. Use this calculator to explore your options and make informed decisions.

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Tip

Use the calculator for scenarios, then click “Get a Quote” to receive a carrier-verified illustration the same day.

Educational use only. Availability & features vary by state and insurer. Guarantees are backed by the claims‑paying ability of the issuing insurance company.

Immediate Annuity Calculator

Estimate only

Quick ballpark estimate of lifetime income from a single-premium immediate annuity (SPIA). Actual quotes vary by carrier, rate date, and state.

Applies a global +/- % to estimated payouts after all options. Use when the market heats up or cools down. Example: enter 1.0 for +1%.
Minimum $5,000. Try $100,000 for easy math.
Move the slider or type an age.
Longer guarantees typically reduce income.
Some states impact availability/pricing. We won’t adjust for state here.
Assumptions & Methodology

Baseline payout factors are annual income per $1 of premium, by age and gender, with Life Only as the base. Values are linearly interpolated between anchor ages.

Period certain adjustment: 10-year certain = ~2% reduction; 20-year certain = ~2.5% reduction applied multiplicatively to the base factor.

Joint life adjustment: 6–12% reduction depending on average age of both lives. Survivor percentage scales that reduction (100% = full reduction; 75% ≈ 0.85x; 50% ≈ 0.70x).

Calibration: Global adjustment you can set between -10% and +10% to reflect market conditions. This is applied after all other adjustments.

Anchor factors (annual per $1 premium):

  • Male: 50=0.053, 55=0.057, 60=0.062, 62=0.065, 65=0.073, 67=0.076, 70=0.082, 72=0.087, 75=0.096, 80=0.115, 85=0.142, 90=0.180
  • Female: 50=0.051, 55=0.054, 60=0.059, 62=0.062, 65=0.067, 67=0.070, 70=0.076, 72=0.081, 75=0.090, 80=0.108, 85=0.134, 90=0.170

These are mid-market approximations for educational purposes. For binding quotes, request a live illustration.

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