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Monthly cash flow from a $1 million annuity varies depending on several factors, including the type of annuity purchased, the age at which the annuity payments begin and current interest rates.
Joint-life immediate income annuity: $1,213 – $1,381 per month. $100,000 annuity payouts. 65-year-old woman – immediate income annuity: $575 – $643 per month.
The table below gives examples of what a $200,000 immediate, lifetime, fixed-income annuity would pay, for annuitants of several ages. The figures derive from a Charles Schwab calculator .
The payouts for immediate annuities depend on whether you choose a life annuity or a term-certain annuity. It also depends on the age and gender of the annuitant, or the person who receives the money.
For Men Age 60 Age 65 Age 70 Age 75 Immediate Annuity $263 $296 $331 $388 Life & 10-Year Certain Annuity $269 $302 $336 $377 Life With Cash Refund $260 $290 $320 $360 ... SmartAsset’s free tool ...
The type of annuity you choose: Fixed annuity returns are tied to interest rates while variable annuity returns are based on the performance of underlying investments. Types of immediate annuities
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