Immediate Annuity โ Guaranteed Income
Lump sum for lifetime income. Break-even = premium รท annual payout. No liquidityโprincipal committed.
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Break-even = premium รท annual payout Live past break-even to profit No liquidity after purchase Payout rate depends on age, rates
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Why: SPIA converts lump sum to guaranteed income. Protects against longevity risk. No market risk.
How: Enter premium, age, payout rate, guaranteed period. See monthly payout and break-even.
Run the calculator when you are ready.
Immediate Annuity Calculator
Payouts and break-even
Sample Scenarios
Annuity Details
Monthly Payout: $1,000
Annual: $12,000 | Break-even: 16.7 years
Monthly
$1,000
Annual
$12,000
Break-Even
16.7 yrs
Lifetime
$240,000
Calculation Breakdown
Annuity Details
Payout Estimates
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Estimates only โ not an insurance quote or offer. Contact a licensed agent for actual rates.
๐ก Money Facts
SPIA: irreversible. Principal committed for lifetime income.
โ SEC
Part of each payment is tax-free return of principal.
โ IRS
Key Takeaways
- โข Immediate annuity (SPIA) = lump sum for guaranteed income for life
- โข Break-even = premium รท annual payout; live past it to profit
- โข Payout rate depends on age, gender, interest rates
- โข No liquidity โ principal is committed; consider emergency fund first
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