Free tool
How much do you need to invest for the income you want?
Start from your goal, not a balance. Tell us the annual income you want and when you'd turn it on — we'll show how much you'd need to put into an annuity today, and which of 34+ carriers' products get you there for the least.
Your income goal
Results update as you type
To draw $80,000/yr starting at age 67 (in 7 years), here's what today's top products would require — lowest first.
Lowest to invest
$643,159
best-value product below
Time horizon
7 yrs
income at age 67
What you'd need to invest for $80,000/yr
Estimated premium needed for single-life lifetime income, based on our income-rider benchmark reshaped to your age and start date. Illustrative — actual figures depend on the carrier and current rates. Tap a product to read its review.
Want exact numbers for your situation?
We'll email illustrations built on your income goal and start age from these top products — no obligation.
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.
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.
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.
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.
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?
Why does waiting to start income reduce what I need?
Single vs. joint life — why does it matter?
Can I really turn a lump sum into lifetime income?
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.
See exact numbers for your goal
- Income illustrations from top-rated carriers
- Built on your specific goal, age, and start date
- Free, with no obligation