Annuity Atlas
Today's top ratesMYGA3yr 6.10%5yr 6.30%7yr 6.35%10yr 6.30%FIA S&P cap3yr 9.70%5yr 16.00%7yr 12.90%10yr 17.00%
As of Oct 27 · B++ or betterAll rates →

Tool

How much do you need to invest for the income you want?

Tell us the yearly income you want and when it starts. We price it against live quotes from 74+ carriers and show the lowest amount that gets you there.
How we rank →Today's rates →

Income goal calculator

Step 1 of 2

No live quote for this scenario. The next step says why.

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How this calculator works

A goal-first approach: tell us the income you want and we solve backwards for the premium, across the top income products we review.

01

It starts from your income goal

Most calculators ask for a balance and tell you the income. This one runs in reverse: you name the annual income you want, and we solve for the premium that produces it.

02

It uses real income-rider payout data

Each product is anchored to our income-rider benchmark, the guaranteed annual income it pays per $100,000, then adjusted for your age and how long you defer before turning income on.

03

Waiting longer lowers the number

The further out you start income, the higher the payout factor and the more your benefit base can roll up. So the same income goal takes less upfront premium. Move your start age to see it change.

04

Lower required investment = better value

Products are ranked by the premium needed to hit your goal, lowest first. The product that gets you there for the least is doing the most work per dollar.

Frequently asked questions

Common questions about how the calculator works and what the numbers mean.

Is the required investment guaranteed?
No. These are illustrative estimates from our income-rider benchmark, reshaped to your age and start date. Actual figures depend on the specific product, the carrier's current rates, and your state. A licensed specialist can pull exact illustrations.
Why does waiting to start income reduce what I need?
Two reasons. Payout factors rise with age, so each dollar of benefit base produces more income later. And during the deferral period your benefit base typically rolls up at a guaranteed rate. Both mean a smaller starting premium can reach the same income.
Single vs. joint life: why does it matter?
Joint-life income keeps paying as long as either spouse is living, so the carrier pays for longer. That lowers the payout per dollar, which means you'd need somewhat more premium to hit the same annual income.
Can I really turn a lump sum into lifetime income?
Yes, that's what a fixed indexed annuity with an income rider, or an income annuity (SPIA/DIA), is built to do. The income is guaranteed for life by the issuing insurer, regardless of how markets perform after you start.
Note

This calculator is for educational purposes only and does not constitute a recommendation to buy any product. All guarantees are backed by the claims-paying ability of the issuing insurance company. Rates and payout factors change frequently.

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