To help you visualize how much income a $100,000 annuity can generate, the charts below show monthly payouts and annual payout percentages for lifetime income annuities based on age and payout structure.
Your actual payout depends on several factors, including your age, gender, and whether you choose a single or joint life option, but these examples give you a realistic snapshot of what to expect.
Monthly Payouts for $100,000 Guaranteed Lifetime Annuity
| Age | Male | Female | Joint Life |
| 60 | $599 | $580 | $534 |
| 65 | $652 | $627 | $570 |
| 70 | $733 | $697 | $620 |
| 75 | $859 | $800 | $692 |
| 80 | $1,054 | $968 | $807 |
The chart shows how much monthly income a $100,000 immediate annuity can provide based on your age and payout type. It assumes payments begin immediately and continue for life, with options for male, female, and joint life annuitants.
- Single Life pays out as long as the annuitant is alive.
- Joint Life pays until both spouses (of the same age) have passed.
As you can see, older buyers receive higher monthly income because payouts are expected to last for fewer years. Men typically receive slightly higher payouts than women due to shorter life expectancy, and joint annuities pay less monthly to account for the longer combined lifespan of two individuals.
Annual Percentage* Payouts for $100,000 Guaranteed Lifetime Annuity
| Age | Male | Female | Joint Life |
| 60 | 7.15% | 6.96% | 6.41% |
| 65 | 7.81% | 7.52% | 6.84% |
| 70 | 8.78% | 8.36% | 7.44% |
| 75 | 10.31% | 9.60% | 8.30% |
| 80 | 12.66% | 11.63% | 9.68% |
The chart above shows the annual payout rates you’d receive from a $100,000 guaranteed lifetime annuity, based on your age and whether you choose a single or joint life option.
- The payout rate is not an interest rate. It reflects how much you receive annually as a percentage of your original premium, including both interest and principal.
- For example, a 75-year-old male would receive payments equal to 10.31% of the $100,000 invested, or about $859 per month.
- As with monthly income, older buyers receive higher payout percentages because the insurance company expects to make payments for a shorter time.
- Joint life annuities pay less because the income is guaranteed to last as long as either spouse is alive.
This metric helps compare the relative value of different annuity offers, especially when shopping for income you can’t outlive.
What a $100,000 Annuity Looks Like in Practice
Understanding annuity payouts in theory is helpful, but seeing how they apply to real people makes the numbers more meaningful. Your age, goals, and payout choices can dramatically affect your monthly income.
Below are real-world-style examples that illustrate how different retirement situations impact annuity payouts. These scenarios can help you picture how an annuity might fit into your own financial plan, whether you’re retiring soon, seeking guaranteed income or planning for a spouse’s future.
Meet Frank — Planning for Retirement Income He Can Count On
Name: Frank
Age: 65
Looking To Invest: $100,000
- Frank wants guaranteed income during retirement
- He purchases an immediate annuity to start paying out in a few months when he officially retires
Monthly Payout: $652
Frank just turned 65 and is planning to retire this year. He’ll receive a modest pension and Social Security, but together, they won’t fully cover his living expenses. What worries him most isn’t today — it’s 10 or 20 years from now. He doesn’t want to spend his savings too fast and risk running out of money later in retirement.
To create a predictable, guaranteed income stream, Frank chooses to invest $100,000 from his 401(k) into an immediate lifetime annuity.
Why He Chose a Lifetime Income Annuity
Frank selects the “life-only” option, which pays the highest monthly amount but stops when he passes. He’s single, doesn’t have dependents, and values maximum monthly income over leaving a legacy.
His payments will begin about a month after the contract is issued, which gives him peace of mind knowing he won’t have to dip into savings once he stops working.
Why This Works for Frank:
- The payout doesn’t fluctuate with the stock market.
- He knows the income will continue for life, no matter how long he lives.
- It fills the gap between his Social Security and monthly expenses.
- It gives him permission to spend confidently, without second-guessing every purchase.
I’ve worked hard to save this money. I just want to know it’ll last, and that I won’t have to worry in 10 years. – Frank
Bottom Line: Frank’s estimated monthly income from the annuity is about $652 — guaranteed for life. It won’t go to heirs if he passes early, but knowing he’ll always have enough for the essentials is worth it for Frank.
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Meet Lori — Balancing Income Timing and Legacy Protection
Name: Lori
Age: 60
Looking To Invest: $100,000
- Wants reliable income starting at retirement (age 65)
- Hopes to leave something behind for her loved ones
- Wants to secure income now, before rates or markets shift
Monthly Payout Estimate (Starting at Age 65): $627
Lori is five years away from retirement. She’s been contributing steadily to her 401(k) and plans to begin Social Security at age 67, but she doesn’t want to wait that long to secure part of her future income.
She’s seen how unpredictable markets can be and wants a portion of her savings to be guaranteed. At the same time, she’s thoughtful about legacy planning. If something were to happen to her early in retirement, she wants to make sure her family wouldn’t be left with nothing.
Why She Chose a Deferred Income Annuity
Lori uses $100,000 to purchase a deferred income annuity, set to begin payments at age 65. This gives the insurer time to grow her premium behind the scenes, resulting in a higher payout than if she waited until retirement to buy the annuity.
To protect her loved ones, she adds a 10-year period certain feature. This means payments are guaranteed for at least 10 years, even if she passes away during that time.
What This Gives Her:
- Income she can count on from age 65 onward
- Peace of mind knowing her heirs will receive something if she dies early
- Protection from outliving her savings — a top concern among women nearing retirement
I didn’t want to take any chances with part of my savings. Knowing this income is locked in for life, and that it will help my family too, made it an easy decision. – Lori
Bottom Line: Lori’s estimated monthly income beginning at age 65 is about $627. Because she added a death benefit and started her contract at age 60, the monthly income is lower than a life-only option, but it aligns with her values: security, timing, and legacy.
Meet Brett & Susan — Prioritizing Income for Both Spouses
Name: Brett & Susan
Age: Both 70
Looking To Invest: $100,000
- Want income that continues as long as either spouse is alive
- Want to avoid leaving one partner financially vulnerable
- Value a death benefit if both spouses pass early
Estimated Monthly Payout: $620(Payments continue for life, as long as at least one spouse is living)
Brett and Susan are retired and enjoying their time together, but they’ve had conversations about “what if.” What if one of them passes away — would the surviving spouse have enough income to live comfortably?
To ensure financial stability for each other, they invest $100,000 in a joint life annuity that will continue making monthly payments for as long as either of them is alive.
Why They Chose a Joint Life Option
This annuity ensures neither of them will face a sudden drop in income if the other passes first. For Brett and Susan, the ability to maintain their lifestyle and protect one another was more important than maximizing the monthly payout.
They also opted for a cash refund feature, meaning if both pass away before receiving at least $100,000 in total payments, the remaining amount would go to their beneficiaries.
What This Strategy Gives Them:
- Guaranteed monthly income for the rest of both their lives
- Financial peace of mind for the surviving spouse
- A refund provision to protect heirs if life is cut short
- Confidence that they’re not leaving each other, or their children, financially exposed
We’ve always shared everything, including our financial decisions. This annuity gives both of us peace of mind, no matter who lives longer. – Brett and Susan
Bottom Line: Because joint annuities with refund guarantees spread risk over two lives and offer added protection, the monthly income is slightly lower than a single-life annuity. But for Brett and Susan, $620 per month for life — backed by guarantees — is the kind of financial security they value most.
Today’s Best Fixed Annuity Rates by Term
| Term | Rate | Provider | Product | AM Best Rating |
|---|---|---|---|---|
| 1 Year | 6.74% | Corebridge Financial | American Pathway Fixed 7 Annuity | A |
| 2 Years | 5.55% | Axonic Insurance Services | Skyline MYGA | A- |
| 3 Years | 6.10% | Wichita National Life Insurance | Security 3 MYGA | B+ |
| 4 Years | 5.30% | Americo Financial Life and Annuity Insurance Company | Platinum Assure | A |
| 5 Years | 6.45% | Atlantic Coast Life | Safe Harbor Bonus Guarantee | B+ |
| 6 Years | 6.67% | Atlantic Coast Life | Safe Harbor Bonus Guarantee | B+ |
| 7 Years | 6.90% | Atlantic Coast Life | Safe Harbor Bonus Guarantee | B+ |
| 8 Years | 5.65% | EquiTrust Life Insurance Company | Certainty Select | B++ |
| 9 Years | 5.35% | Clear Spring Life and Annuity Company | Preserve Multi-Year Guaranteed Annuity | A- |
| 10 Years | 7.65% | Atlantic Coast Life | Safe Harbor Bonus Guarantee | B+ |
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Factors Impacting How Much a $100,000 Annuity Pays Per Month
Annuity providers calculate payouts differently for every annuity contract. An annuity with a $100,000 premium can have widely varying monthly payments depending on factors like the annuitant’s age and gender, the type of annuity, the payout period and any provisions or riders that are added to the annuity.
- Annuitant’s age: Life expectancy is used to calculate the payout of an annuity contract, so your age and gender impact how much you’ll receive from your annuity. The longer you’re expected to live and receive payments from your annuity, the less you’ll receive each month in annuity payments.
- Annuitant’s gender: Because women tend to live longer, a woman with a $100,000 annuity will likely have a lower monthly payment than a man of the same age with the same annuity.
- Type of annuity: If you purchase a deferred annuity with an interest rate, your $100,000 annuity will likely have a higher payout than an immediate annuity of the same premium amount.
- Payout period: Like with life expectancy, the longer you’re expected to receive payments, the smaller the payment amount will be. A 10-year period certain annuity will likely have a higher payout than a lifetime annuity. A $100,000 joint and survivor annuity that covers two lifetimes will have a lower payout than a single life annuity of the same amount.
- Riders: Certain contract provisions can affect how much your annuity pays out. For example, a return of premium rider or death benefit represents a greater level of risk to the insurer, so your payout amount will likely be slightly lower each month if you opt for these features.
