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Annuity Income Calculator
Calculate monthly income from a fixed annuity purchase.
About This Calculator
Fixed annuities offer guaranteed income regardless of market performance — a $200,000 premium at 5.5% for 20 years pays about $1,368/month. Single-premium immediate annuities (SPIAs) typically pay 5%–7% annually for lifetime income, making them attractive for retirees concerned about longevity risk. However, annuities sacrifice flexibility — most have surrender charges for early cancellation.