Immediate Annuity (SPIA) Payout Calculator
Single Premium Immediate Annuity (SPIA) retirement income calculator. Calculates guaranteed monthly, quarterly, or annual payouts based on age, gender, and guarantee provisions (Life Only, Cash Refund, Period Certain, Joint & Survivor) with IRS tax exclusion ratios.
Immediate Annuity (SPIA) Payout Calculator
Estimate guaranteed lifelong retirement income, cash refund protections, payout rates, and tax exclusion ratios from a single premium immediate annuity.
$1770.83
Per monthly$21,250 / yr
8.50% payout rate$382,500
Based on ~18 yrs expectancy65.4%
Tax-free principal return (non-qualified)How Immediate Annuities Work
A Single Premium Immediate Annuity (SPIA) converts a lump sum into guaranteed income for life, acting like a private pension. Choosing Cash Refund ensures that if you pass away before receiving your full initial principal back, the remaining balance is paid directly to your designated beneficiaries.
How to Use Immediate Annuity (SPIA) Payout Calculator
Enter Lump Sum Premium
Specify the initial retirement funds to convert into guaranteed income.
Select Age & Payout Option
Choose age, gender, and life only or cash refund guarantee.
Inspect Guaranteed Checks
View monthly check amounts, payout percentage, and tax-free return of principal.
Frequently Asked Questions
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