Guaranteed Lifetime Income Calculator
Where should we send your results?
We'll show your numbers on the next screen and email you a copy.
Numbers shown are hypothetical illustrations, not guarantees, and assume each product earns a fixed 5% annual return through the income-start date — chosen to put every carrier on the same footing rather than letting each one's preferred index do the math. The guaranteed number is the contractual minimum. Carrier offers and product availability vary by state. Quotes assume a single life, cash-funded purchase.
Frequently asked questions
Are these income numbers real?
These are the top hypothetical lifetime-income illustrations from carriers we have access to, for the inputs you chose. "Hypothetical" means the number depends on the indexed return assumption built into each product's illustration — what it would pay if the index did exactly what the carrier projects. The guaranteed-minimum number is usually lower.
What's the difference between guaranteed and hypothetical?
Every fixed-indexed annuity with an income rider has two payout numbers. The guaranteed number is what the contract obligates the carrier to pay, even if the index returns 0% every year. The hypothetical number is what the illustration projects if the index earns a chosen rate of return through the income-start date. To put every carrier on the same footing, we hold that assumption at a flat 5% across all products. Real outcomes land between these two.
What's the catch?
Income annuities lock your principal up for a surrender period — usually 7 to 10 years — during which withdrawing more than the contract's free amount triggers a penalty. They are not bank deposits; they're backed by the carrier and your state's guaranty association. The illustrations also assume you keep the contract; if you cash out early, the hypothetical income never materializes.
Can I get my money out if I need it?
Most contracts let you withdraw up to 10% of the account value per year without penalty during the surrender period. Larger withdrawals incur a surrender charge that declines each year. After the surrender period ends, your money is fully accessible. Some products also waive surrender charges in cases like nursing-home confinement or terminal illness.
What happens to my money when I die?
If you die before income starts, your beneficiary typically receives the account value. After income starts, what passes on depends on the payout option you chose — "lifetime only" stops payments at death, while "joint life" or "period certain" options continue payments to a spouse or beneficiary. We'll walk you through the tradeoffs before you commit.