How much will a $250,000 annuity pay monthly at age 60?
A $250,000 immediate fixed annuity purchased at age 60 can provide monthly payments ranging from approximately $1,115 to $1,325, depending on gender, payout structure, and beneficiary options. Men generally receive higher payments than women due to shorter life expectancy, and choosing longer payout periods or joint coverage reduces the monthly amount. Current interest rates and the age at purchase also influence the payout, with later purchases typically yielding higher monthly income.
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MoneyWatch: Managing Your Money How much will a $250,000 annuity pay monthly at age 60? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing roles at The Simple Dollar, Interest, HousingWire and other financial publications.
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