How Much Does a $100K Annuity Pay?
A $100,000 annuity would pay you $479 per month for life if you purchased it at 65 and began payments in 30 days.
Using the latest annuity quoting software I have compared 2000+ annuity contracts and 302 annuity income riders from 56 top annuity companies to create this guide that tells you approximately much a $100,000 annuity would pay you per month.
If you are wondering how much annuities pay you’re not alone. The term “annuity calculator” is Googled an estimated 44,000 times each and every month.
Annuities are commonly used as part of a retirement income plan because they pay you a monthly income that is guaranteed to last your lifetime.
How Much Does a $100,000 Annuity Pay Per Month?
A $100,000 annuity would pay you $365 per month if you bought it at age 55 and begin taking income in 30 days.
If you buy a $100K annuity at age 62 it would pay you a $438 monthly paycheck.
| Age | Fixed Index Annuity | Monthly Payments | |
|---|---|---|---|
| 55 | Nassau Income Annuity | $365.00 |
|
| 56 | Nassau Income Annuity | $372.00 |
|
| 57 | Nassau Income Annuity | $381.00 |
|
| 58 | Nassau Income Annuity | $388.00 |
|
| 59 | Nassau Income Annuity | $397.00 |
|
| 60 | Nassau Income Annuity | $420.00 |
|
| 61 | Nassau Income Annuity | $423.00 |
| 62 | Security Sentinel Summit Bonus | $438.00 |
|
| 63 | Sentinel Security Summit Bonus | $441.00 |
|
| 64 | Sentinel Security Summit Bonus | $450.00 |
| 65 | Nationwide Peak 10 | $479.00 |
|
| 66 | Nationwide Peak 10 | $472.00 |
|
| 67 | Sentinel Summit Bonus | $477.00 |
|
| 68 | Sentinel Summit Bonus | $486.00 |
|
| 69 | Sentinel Summit Bonus | $495.00 |
| 70 | AIG Lifetime Income Choice Max | $521.00 |
What is the Payout From $100,000 Annuities?
The tables below list the top three fixed index annuities (highest monthly payments for immediate income) for 60, 65, and a 70-year-old.
Best Annuities for immediate income at age 60
| Annuity | Monthly | Annual | Rating | Fee |
|---|---|---|---|---|
| Symetra | $417 | $5,000 | A | 1.20% |
| Nassau Re | $412 | $4,940 | B+ | .95% |
| Great American | $398 | $4,770 | A+ | 1.15% |
Best Annuities for immediate income at age 65
| Annuity | Monthly | Annual | Rating | Fee |
|---|---|---|---|---|
| Nationwide | $479 | $5,665 | A+ | 1.00% |
| Sentinel Security Life | $459 | $5,508 | B++ | 1.05% |
| Symetra | $398 | $5,500 | A | 1.20% |
Best Annuities for immediate income at age 70
| Annuity | Monthly | Annual | Rating | Fee |
|---|---|---|---|---|
| Sentinel Security Life | $504 | $6,048 | B++ | 1.05% |
| Global Atlantic | $500 | $6,000 | A | 1.00% |
| Nationwide | $495 | $5,940 | A+ | 1.00% |
How to Calculate $100,000 Annuity Payments
You can calculate your monthly annuity payment using a very simple formula. This formula will give you your annuity factor. Once you know your factor you can calculate your monthly annuity payment based on any amount.
You simply divide your $100,000 monthly annuity payment by the $100,000 deposit. Let’s look at an example below.
Example Calculation:
$479 (Payment) / $100,000 (annuity investment) = .00479. You can now multiply any investment amount by .00479 to calculate what your monthly annuity payment would be.
How Much Would a $250,000 Annuity Pay You Per Month?
What is the Best Age to Buy a $100,000 Annuity?
Generally speaking, the best time to purchase an annuity is 10 years before you want to begin taking monthly income from your annuity investment.
Calculate a $100,000 Annuity Payment
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Frequently Asked Questions
All annuities have the ability to be turned into a guaranteed lifetime income; however, many types of annuities are purchased only for accumulation. Income Annuities are those that are designed specifically to generate a lifetime income stream. The 3 types are:
- Immediate annuity (provides guaranteed, lifelong income starting 1-12 months after purchase)
- Deferred Immediate Annuity (DIA), or Longevity Annuity (provides guaranteed, lifelong income starting 2-40 years after purchase)
- Qualified Longevity Annuity Contract or QLAC (a longevity annuity purchased with IRA funds starting after age 72)
- Deferred annuity with a lifetime income rider
Single-Premium Immediate Annuities do not charge a fee. However, there is a fee to add a guaranteed income rider to a deferred annuity. The fee comes out of your account value and does not reduce your annuity payments.
Generally speaking, the best time to purchase an annuity intended to generate lifetime income is 10 years prior to taking lifetime income payments. So if your desired retirement age is 65, you should purchase your income annuity at age 55 or shortly thereafter to maximize the benefits provided by lifetime income riders.
