How Much Does a $100,000 Annuity Pay Per Month?

How Much Does a $100,000 Annuity Pay Per Month

How Much Does a $100,000 Annuity Pay Per Month?

I ran lifetime income quotes and compared more than 300 income riders from 56 top annuity companies to determine the best monthly annuity payments for various ages and scenarios.

My research concluded that a $100,000 annuity would pay you between $417 and $504 per month if you begin your payments immediately (depending on your age at the time of purchase).  

In this guide, you’ll learn what the best guaranteed monthly annuity payments are; using today’s best lifetime annuity rates. If you want a personalized income annuity quote you may jump directly to our immediate annuity calculator.

The below tables show you the top 3 annuity payouts for immediate income at ages 60, 65, and 70.

Immediate Lifetime Income: Age 60

AnnuityMonthlyAnnualRatingFee
Symetra$417$5,000A1.20%
Nassau Re$412$4,940B+.95%
Great American$398$4,770A+1.15%

Immediate Lifetime Income: Age 65

AnnuityMonthlyAnnualRatingFee
Nationwide$479$5,665A+1.00%
Sentinel Security Life$459$5,508B++1.05%
Symetra$398$5,500A1.20%

Immediate Lifetime Income: Age 70

AnnuityMonthlyAnnualRatingFee
Sentinel Security Life$504$6,048B++1.05%
Global Atlantic$500$6,000A1.00%
Nationwide$495$5,940A+1.00%

Best Lifetime Annuities for Immediate Income

The table below lists the monthly annuity payment for a $100,000 investment at ages 55 to 70. This table includes the annuity company and specific products with the highest payment at each age.

How Much Do Annuities Pay?

The table below shows the monthly annuity payments for a $100,000, $200,000, $500,000, and a $1,000,000 annuity beginning immediately at various ages. The older you are when you begin taking your income the greater your monthly payments will be.

For instance, a $100,000 annuity would pay you $365 per month beginning immediately at age 55; $479 per month beginning immediately at age 65, and $521 monthly at age 70.

AGE $100,000.00 $200,000.00 $500,000.00 $1,000,000.00
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 $2,190.00 $4,380.00
61$438.00$876.00 $2,190.00 $4,380.00
62$438.00$876.00 $2,190.00 $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

What Would a $100,000 Annuity Pay Per Month at a Later Date?

The longer you wait to begin your income payments after buying an annuity, the higher the monthly payouts will be. The table below shows income amounts at ages 60, 65 and 70 when purchased at various ages.

For example, if you purchase a $100,000 annuity at age 40 it would pay you $10,538.00 annually, or $878,17 per month, begging at age 60.

AgeIn 5 YearsIn 10 yearsIn 20 Years
40$10,538
45$11,858
50$8,872 $13,005
55$6,603 $10,000 $14,433
60$7,648 $10,800
65$8,160 $11,689
70$9,010 $14,108
75$10,568

How Much Interest Does a $100,000 Annuity Pay?

If you want to generate a monthly income but do not want to spend down your principal one option would be to buy a fixed annuity (CD Type Annuity) and take monthly interest payments. 

A $100,000 annuity with a fixed annuity rate of 3.15% would pay you $262.50 per month in interest.

Calculation:

$100,000 x .0315 = $3,150 of interest annually

$3150 / 12 = $262.50 monthly interest payments

Annuity Interest Payment Calculator

Get a Personalized Annuity Quote

Request a personalized annuity quote using the form below and we will respond within 4 business hours; for more immediate assistance you may contact us at (855) 583-1104 between 8:30 and 5:30 EST Monday through Friday. 

Frequently Asked Questions

Our research found that a $750,000 annuity will pay between $3,125 and $9,083 per month for a single lifetime. Income amounts vary based on age at the time of purchase, and how long you wait to begin taking your income payments.

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 buy 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.

A $200,000 annuity would pay you approximately $958 each month for the rest of your life if you purchased the annuity at age 65 and began taking payments immediately.

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