Immediate Annuity Calculator
Estimate only
Quick ballpark estimate of lifetime income from a single-premium immediate annuity (SPIA). Actual quotes vary by carrier, rate date, and state.
Applies a global +/- % to estimated payouts. Use when the market heats up or cools down.
Minimum $5,000. Try $100,000 for easy math.
Move the slider or type an age.
Longer guarantees typically reduce income.
Some states impact availability and pricing.
Assumptions & Methodology
Baseline payout factors are annual income per $1 of premium, by age and gender, with Life Only as the base.
Period certain adjustment: 10-year certain = ~2% reduction; 20-year certain = ~2.5% reduction.
Joint life adjustment: 6–12% reduction depending on average age of both lives. Survivor percentage scales that reduction.
Anchor factors (annual per $1 premium):
- Male: 50=0.053, 55=0.057, 60=0.062, 62=0.065, 65=0.073, 67=0.076, 70=0.082, 72=0.087, 75=0.096, 80=0.115, 85=0.142, 90=0.180
- Female: 50=0.051, 55=0.054, 60=0.059, 62=0.062, 65=0.067, 67=0.070, 70=0.076, 72=0.081, 75=0.090, 80=0.108, 85=0.134, 90=0.170
These are mid-market approximations for educational purposes. Request a live carrier illustration for binding quotes.