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Income Rider Calculator
Fast, accurate, and easy. Use this calculator to see how much an immediate annuity would pay you.
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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.
Income Rider Calculator (Single-Life Estimate)
Estimate single-life guaranteed income from annuities with an income rider (GLWB) using your age, state, premium, and income start date.
Get results first—then you can request the full carrier illustration, including joint-life options (if available).
Includes fees, rider details, and joint-life options (if available) — typically within 4 business hours.
Prefer to talk? Call 855-583-1104
How Income Riders Work (GLWB Explained)
An income rider (often called a Guaranteed Lifetime Withdrawal Benefit / GLWB) is an optional annuity feature that can provide a contractual lifetime income stream. It’s commonly added to certain annuities (often fixed index annuities) to create “pension-like” income you can’t outlive, based on the rider’s rules.
What These Results Represent
The results shown are single-life income estimates (based on one person’s life). You may also see totals like 10-year and 30-year totals—helpful for comparing options, but the main purpose of the rider is the lifetime income guarantee under the contract terms.
Want Joint-Life Income?
If you want income that covers two people, request the full illustration, and we’ll provide joint-life options when available (payout amounts and availability vary by carrier and state).
Account Value vs. Income Base (Important)
Income riders often use two separate values:
- Account value: the annuity value you may be able to access (subject to surrender charges and contract rules).
- Income base/benefit base: a value used only to calculate the guaranteed income amount.
They are often not the same number.
Next Step (What You’ll Receive)
After you request the illustration, we’ll send:
- The full carrier illustration PDF
- Rider details (including fees, if any)
- Withdrawal rules (and how excess withdrawals can impact guarantees)
- Joint-life options when available
Typical turnaround: within 4 business hours.
Income Rider Comparisons
The table below shows the fixed index annuity and income rider that has the highest guaranteed payments for a 60, 65, and 70-year-old beginning immediately. You can use the calculator below to see how much an income rider would pay you based on when you begin taking income.
| Age & Rider | Carrier / Product | Monthly Payout | Assumptions & Fees | Channel | AM Best Rating |
|---|---|---|---|---|---|
| 60 • EGMWB Level |
F&G • Safe Income Advantage
Income Rider: EGMWB Level
|
$2,858 |
1.15% rider fee • Assuming 2.09% credit from 1-Year S&P 500 PTP Cap
|
Direct via My Annuity Store, Inc. | A |
| 65 • Bonus Income Rider (Single) |
Nationwide • Peak 10
Bonus Income Rider (Single)
|
$3,255 |
25% Income Base Bonus • 1% rider fee • Assuming 4.51% credit from 1-Year S&P 500 PTP Cap
|
Direct via My Annuity Store, Inc. | A+ |
| 70 • Bonus Income Rider (Single) |
Nationwide • Peak 10
Bonus Income Rider (Single)
|
$3,568 |
25% Income Base Bonus • 1% rider fee • Assuming 4.51% credit from 1-Year S&P 500 PTP Cap
|
Direct via My Annuity Store, Inc. | A+ |
Income Riders (Guaranteed Lifetime Withdrawal Benefits)
An income rider (often called a Guaranteed Lifetime Withdrawal Benefit, or GLWB) is an optional feature you can add to certain annuities—most commonly fixed index annuities and variable annuities—to help create a predictable stream of retirement income.
In plain English, an income rider is designed to convert your annuity into a personal pension-style income, typically for as long as you live, while still retaining your annuity as an asset (it’s not the same as annuitizing and surrendering control of the account).
Here’s the key idea: with an income rider, there are usually two values to understand. First is your account value (the money you could potentially surrender or leave to beneficiaries, subject to contract rules). Second is the income base (sometimes called a “benefit base” or “protected income value”), which is a separate number used only to calculate your future guaranteed withdrawals.
The income base can grow based on rider terms (for example, roll-ups or step-ups), and later your guaranteed lifetime income is generally calculated as: income base × payout percentage—with the payout percentage typically tied to your age when you start income.
Income riders can be a great fit for people who want a lifetime income they can’t outlive but also like the idea of maintaining flexibility. Many contracts allow you to delay income to potentially increase the future withdrawal amount, and some offer features like joint income (covering a spouse), income step-ups if the account value reaches new highs on anniversaries, and varying withdrawal factors depending on when you begin.
That said, riders aren’t “free”—they usually have an annual fee, and taking more than the allowed withdrawal can reduce (or even eliminate) the guarantee. Like any annuity strategy, the best choice depends on your timeline, income needs, and how much flexibility you want versus how much guaranteed lifetime income you’re trying to lock in.
