How Do I Estimate How Much Monthly Income I Will Receive From My Annuity?

Wendy-Swanson-4-How do I estimate how much monthly income Ill receive from my annuity

In this video, Wendy Swanson explains that estimating monthly income from an annuity depends on factors like your age, contribution amount, and when you plan to start receiving payments.
Video Transcript
To estimate the amount of income, you're going to receive from an annuity in the future or immediately, there'd be several factors that we would want to look at. First of all, when is it that you want to receive that income? Is it immediately or is it somewhere down the road? We're going to look at your age, so there's a couple of different variables we're going to look at, and then we back into what that contribution would need to be in the annuity to generate the income you're looking for in the time frame that you're looking for it.