Immediate Annuity Calculator
Calculate guaranteed monthly income from a single premium immediate annuity (SPIA). Compare single life vs joint life options and see your break-even age.
Annuity Details
Lifetime Return Score
Based on total lifetime payouts relative to your purchase amount
Single Life Monthly
$1,354
$16,250/yr
Joint Life Monthly
$1,151
$13,813/yr
Break-Even Age
81
16 years (single)
Total Single Payouts
$406,250
63% return
Cumulative Payouts vs Original Investment
See when your annuity payouts surpass your purchase amount
Single vs Joint Life Comparison
| Metric | Single Life | Joint Life |
|---|---|---|
| Monthly Income | $1,354 | $1,151 |
| Annual Income | $16,250 | $13,813 |
| Total Payouts | $406,250 | $345,313 |
| Break-Even Age | 81 | 84 |
| Total Return | 63% | 38% |
| After-Tax Monthly | $1,240 | $1,081 |
Year-by-Year Projection
| Age | Single Cumulative | Joint Cumulative | vs Investment |
|---|---|---|---|
| 66 | $16,250 | $13,813 | $233,750 |
| 67 | $32,500 | $27,625 | $217,500 |
| 68 | $48,750 | $41,438 | $201,250 |
| 69 | $65,000 | $55,250 | $185,000 |
| 70 | $81,250 | $69,063 | $168,750 |
| 71 | $97,500 | $82,875 | $152,500 |
| 72 | $113,750 | $96,688 | $136,250 |
| 73 | $130,000 | $110,500 | $120,000 |
| 74 | $146,250 | $124,313 | $103,750 |
| 75 | $162,500 | $138,125 | $87,500 |
| 76 | $178,750 | $151,938 | $71,250 |
| 77 | $195,000 | $165,750 | $55,000 |
| 78 | $211,250 | $179,563 | $38,750 |
| 79 | $227,500 | $193,375 | $22,500 |
| 80 | $243,750 | $207,188 | $6,250 |
| 81 | $260,000 | $221,000 | +$10,000 |
| 82 | $276,250 | $234,813 | +$26,250 |
| 83 | $292,500 | $248,625 | +$42,500 |
| 84 | $308,750 | $262,438 | +$58,750 |
| 85 | $325,000 | $276,250 | +$75,000 |
| 86 | $341,250 | $290,063 | +$91,250 |
| 87 | $357,500 | $303,875 | +$107,500 |
| 88 | $373,750 | $317,688 | +$123,750 |
| 89 | $390,000 | $331,500 | +$140,000 |
| 90 | $406,250 | $345,313 | +$156,250 |
Personalized Insights
Actionable recommendations based on your numbers
Guaranteed Monthly Income
A $250,000 immediate annuity at a 6.5% payout rate provides $1,354/mo ($16,250/yr) for life starting immediately.
Break-Even Point
You recover your full investment by age 81 (16 years). Every payment after that is pure gain — living to 90 yields a 63% total return.
Single vs Joint Life Trade-Off
Choosing joint life reduces your monthly income by $203 ($1,354 vs $1,151), but guarantees payments continue for your surviving spouse.
Longevity Protection
With a 25-year payout horizon, you'll receive $406,250 in total — 63% more than your original investment. Annuities excel when you live longer than expected.
After-Tax Income
After accounting for the exclusion ratio and a 22% tax rate, your after-tax monthly income is approximately $1,240 (single) or $1,081 (joint).
Inflation Risk
Fixed annuity payments lose purchasing power over time. At 2.5% inflation, your $1,354/mo will feel like $826/mo in today's dollars after 20 years.
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