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FIA · Annuitization · DIA · SPIA
Rate data refreshed July 16, 2026

Annuity Payout Calculator: Compare Immediate & Deferred Income

Use this annuity payout calculator as an immediate annuity calculator for SPIA income, then compare that monthly check with DIA, annuitization, and FIA income rider paths. The highest monthly annuity payout rates matter, but so do control, liquidity, beneficiary value, and what each path asks you to give up.

Highest income at age 70

$4,258

FIA income rider

Most flexible

FIA income rider

High control

Monthly spread

$1,028

Among paths starting at age 70

Run your scenario

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Instant and ungated. Results are educational estimates, not a carrier illustration or recommendation; confirm actual quotes and suitability before acting.

Public example

Ranked paths starting at age 70

Open example
#1Most flexible

FIA income rider

Global Atlantic - Forethought Life Insurance Company · ForeIncome II

$4,258

/month

#2

Annuitization

Atlantic Coast Life · Safe Harbor Bonus Guarantee

$4,144

/month

#3

DIA benchmark

Integrity Life Insurance Company (W&S) · Integrity Deferred Income Annuity

$3,230

/month

Current-age SPIA benchmark · unranked

SPIA benchmark

Starts now at age 60; not comparable to the age-70 ranking.

$1,532/mo

Showing $250,000 annuity income comparison starting at age 70. Change the inputs to replace this with your own scenario.

Why this matters

Most annuity calculators stop at the payout number; annuity payout rates need context.

That is useful, but incomplete. A SPIA or DIA may show the highest guaranteed check because the insurer is receiving a clean trade: your principal access in exchange for a payment promise. An FIA income rider can look less exciting on monthly income alone, yet still be stronger when liquidity, death-benefit value, and future choices matter.

Income

Monthly guaranteed payout is the starting point, not the finish line.

Control

Principal access, beneficiary value, and the ability to change plans can be worth real money.

Benchmarking

DIA and SPIA quotes are useful benchmarks, even when they are not the destination.

Methodology

Built from scenario data, not generic averages.

The comparison uses the same AdvisorWorld-backed income-path logic for each path, then presents the tradeoff in public language instead of hiding the product evidence behind a form.

Live scenario inputs

We use your age, income-start age, premium, state, gender, and life type to compare current payouts.

Start-age-matched ranking

FIA income rider, annuitization, and DIA paths are ranked only when they share the selected income start age. An immediate SPIA priced at current age stays separate as an unranked benchmark.

Public page evidence

When quote or product detail is available, the page exposes product facts, alternate quotes, and future-value checkpoints instead of stopping at the headline income number.

Link to this result

The permalink preserves the ages, premium, state, gender, and single- or joint-life inputs behind this comparison.

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How to cite this tool

AnnuityRatesHQ, “Annuity Payout Calculator: Immediate, Deferred, and FIA Income,” CANNEX data via AdvisorWorld, data updated July 16, 2026, https://annuityrateshq.com/annuity-income-comparison.

Source: CANNEX via AdvisorWorld. We check data freshness hourly, and the public example updates every six hours. Monthly estimates compare four income paths; any flat accumulation projection uses the disclosed 5% hypothetical annual crediting assumption.

Sample comparisons

Choose a starting point.

These examples show how age, state, premium, income timing, and single or joint life assumptions can change the comparison. Open one below or run your own scenario above.

View example result
Single life

$250,000 annuity income comparison starting at age 70

A Texas male age 60 comparing FIA income rider, annuitization, DIA, and SPIA income paths for $250,000.

TX$250,000Starts 70
Single life

$250,000 annuity income comparison for a Florida female

A Florida female age 60 comparing lifetime income options beginning at age 70 with a $250,000 premium.

FL$250,000Starts 70
Single life

$100,000 annuity income comparison starting at age 65

A Texas male age 55 comparing income paths for a $100,000 premium and income beginning at age 65.

TX$100,000Starts 65
Single life

$500,000 annuity income comparison for California

A California female age 62 comparing FIA, annuitization, DIA, and SPIA paths for $500,000 starting at age 67.

CA$500,000Starts 67
Single life

$250,000 annuity income comparison for New York

A New York male age 65 comparing income paths for a $250,000 premium with payments beginning at age 70.

NY$250,000Starts 70
Single life

$500,000 deferred annuity income comparison starting at age 75

A Florida male age 60 comparing longer-deferral lifetime income paths for a $500,000 premium.

FL$500,000Starts 75
Single life

$250,000 annuity income comparison for Pennsylvania

A Pennsylvania female age 58 comparing lifetime income options beginning at age 68 with a $250,000 premium.

PA$250,000Starts 68
Single life

$100,000 annuity income comparison for Georgia

A Georgia female age 62 comparing FIA income rider, annuitization, DIA, and SPIA paths with income beginning at age 72.

GA$100,000Starts 72
Joint life

$250,000 joint-life annuity income comparison

A Texas joint-life scenario comparing lifetime income options for a 60-year-old male and 60-year-old female starting income at age 70.

TX$250,000Starts 70
Joint life

$500,000 joint-life annuity income comparison for California

A California joint-life scenario for a 62-year-old female and 64-year-old male comparing income paths starting at age 67.

CA$500,000Starts 67
Joint life

$100,000 joint-life annuity income comparison starting at age 65

A Florida joint-life scenario for a 55-year-old male and 53-year-old female comparing lifetime income options beginning at age 65.

FL$100,000Starts 65
Joint life

$500,000 joint-life deferred income comparison for New York

A New York joint-life scenario for a 60-year-old male and 58-year-old female comparing longer-deferral income paths starting at age 75.

NY$500,000Starts 75

Public example comparison

Income from $250,000 starting at age 70

The ranking, monthly spread, and cumulative charts compare only paths priced to start at age 70. If a current SPIA estimate starts immediately at the current age, it appears separately as an unranked benchmark.

FIA income rider is the most flexible available path. That label reflects the current liquidity terms, not a composite recommendation score.

Confirm before relying on these numbers.

These figures are estimates for comparison only. A licensed financial advisor or insurance professional must confirm actual carrier quotes, state availability, rider terms, and whether a contract fits your situation before you act.

For flat account-crediting projections, AdvisorWorld currently uses a 5% assumed annual credited rate. Contractual rider roll-up rates shown in product facts are income-base mechanics, not guaranteed market returns.

Highest monthly income at age 70

$4,258

FIA income rider

Most flexible

FIA income rider

FIA income rider

Strongest guarantee at age 70

FIA income rider

FIA income rider

Only paths priced to start at age 70 appear in these comparison charts. Any immediate SPIA priced at the current age is shown separately and is not ranked here.

Income tradeoff view

Put the income number next to what you keep.

Monthly income only tells one part of the story. This view places each income path next to principal access, beneficiary value, and the tradeoff created by the contract structure.

Scenario read: FIA income rider is both the most flexible available path and the highest monthly income path in this scenario.

FIA income rider

Most flexible

Keeps more contract control and beneficiary value when the rider and contract terms support it.

$4,258

monthly income

Vs most flexible

$0/mo

Principal access

High principal access

Beneficiary value

$0

Annuitization

Converts contract value into a payment stream; principal access is generally gone after conversion.

$4,144

monthly income

Vs most flexible

-$114/mo

Principal access

No principal access

Beneficiary value

Not available

DIA benchmark

Can raise deferred guaranteed income, but usually requires committing premium before payments begin.

$3,230

monthly income

Vs most flexible

-$1,028/mo

Principal access

No principal access

Beneficiary value

Not available

PathMonthly incomeVs most flexiblePrincipal accessBeneficiary value
FIA income rider$4,258$0/moHigh principal access$0
Annuitization$4,144-$114/moNo principal accessNot available
DIA benchmark$3,230-$1,028/moNo principal accessNot available

Comparison inputs

Compare available values without a composite winner score.

Income and beneficiary bars are relative to the highest value available in this scenario. Principal access reflects the liquidity category shown for each option.

Missing beneficiary figures stay marked “Not available”; they are never estimated from liquidity or another field. These indicators are not a product recommendation.

FIA income rider

Income with more contract control

Most flexible
Income$4,258/mo
Principal accessHigh principal access
Beneficiary$0

Annuitization

Contract conversion benchmark

Income$4,144/mo
Principal accessNo principal access
BeneficiaryNot available

DIA benchmark

Deferred guaranteed income

Income$3,230/mo
Principal accessNo principal access
BeneficiaryNot available

Cumulative income

The first payment is not the whole story.

This view estimates cumulative income paid over 5, 10, 15, and 20 years after the shared age-70 start. It helps separate headline monthly income from long-term payment timing.

$0$255,484$510,967$766,451$1MStartYear 5Year 10Year 15Year 20FIA income riderAnnuitizationDIA benchmark
PathStartsYear 5Year 10Year 15Year 20
FIA income riderAge 70$255,484$510,967$766,451$1,021,935
AnnuitizationAge 70$248,640$497,280$745,920$994,560
DIA benchmarkAge 70$193,800$387,600$581,400$775,200

Most flexible

FIA income rider

Lifetime income with contract flexibility

Monthly income

$4,258

/month

Global Atlantic - Forethought Life Insurance Company · ForeIncome II

Liquidity
high flexibility
Guarantee
Lifetime guaranteed
Fee or cost
~1.20%/yr rider fee
Death benefit and control
You can often keep contract value access, beneficiary value, and room to change course while creating lifetime income.
What you give up
Monthly income can be lower than a pure income-only contract, and rider fees can apply.

Benchmark

Annuitization

Contract conversion benchmark

Monthly income

$4,144

/month

Atlantic Coast Life · Safe Harbor Bonus Guarantee

Liquidity
No principal access
Guarantee
Annuitized lifetime income
Fee or cost
No separate rider fee; premium is annuitized
Death benefit and control
You trade the contract value for a lifetime payment stream from the insurer.
What you give up
Principal access is generally gone once the contract is annuitized.

Benchmark

DIA benchmark

Deferred guaranteed income

Monthly income

$3,230

/month

Integrity Life Insurance Company (W&S) · Integrity Deferred Income Annuity

Liquidity
No principal access
Guarantee
Lifetime guaranteed
Fee or cost
No ongoing fees — income is fixed at purchase
Death benefit and control
A DIA can maximize guaranteed income when you know exactly when you want payments to start.
What you give up
You usually give up access to principal during the waiting period and after payments begin.

Current-age benchmark · not ranked

Current-age SPIA benchmark (not ranked)

This SPIA estimate starts immediately at age 60. It is excluded from the age-70 ranking, monthly spread, tradeoff bars, and cumulative-income chart because those paths start at age 70.

A SPIA can maximize a guaranteed paycheck when income needs to start right away. You usually give up principal access in exchange for the immediate lifetime payment.

Monthly income starting now

$1,532

/month · starts age 60

Income ranking at age 70

1. FIA income ridermost flexible
$4,258
2. Annuitization
$4,144
3. DIA benchmark
$3,230

Only paths priced for the same income start age appear in this ranking. The highest-income and most-flexible paths are labeled separately; the tool does not combine them into a subjective winner score.

Whole-income decision table

PathStartsComparison roleMonthlyLiquidityGuaranteeCostWhat you give up
FIA income riderAge 70Age-70 comparison$4,258high flexibilityLifetime guaranteed~1.20%/yr rider feeMonthly income can be lower than a pure income-only contract, and rider fees can apply.
AnnuitizationAge 70Age-70 comparison$4,144No principal accessAnnuitized lifetime incomeNo separate rider fee; premium is annuitizedPrincipal access is generally gone once the contract is annuitized.
DIA benchmarkAge 70Age-70 comparison$3,230No principal accessLifetime guaranteedNo ongoing fees — income is fixed at purchaseYou usually give up access to principal during the waiting period and after payments begin.
SPIA benchmarkAge 60Current-age benchmark (unranked)$1,532No principal accessLifetime guaranteedNo ongoing fees — income locked at purchaseYou usually give up principal access in exchange for the immediate lifetime payment.

Product evidence

Open the product facts, not just the headline payout.

When current product, quote, rider, and projection details are available, they are shown here. Projections are educational estimates, not carrier-approved illustrations. Use them to ask better questions, then confirm the actual quote with a financial advisor.

Keep using the tool freely.

The comparison above is the product. A personalized report request is optional and secondary.

Optional report request

Comparison guide

FIA vs annuitization vs DIA vs SPIA

The cleanest way to compare annuity income is to separate the payout from the control you keep. Income-only annuities may emphasize the payment. FIA income riders may preserve more contract flexibility; the current figures and terms determine the actual tradeoff.

When does a DIA make sense?

A DIA can make sense when you want a guaranteed payment to begin in the future and you are comfortable committing the premium. It is less compelling when you still want principal access or may need to change the income start date.

Why compare SPIA if income starts later?

A SPIA is the immediate-income benchmark. It helps show how much guaranteed income is available if you convert premium to payments now, even when your real plan is to wait.

When can an FIA preserve more contract flexibility?

An FIA income rider can preserve contract value access, beneficiary value, and optionality while still offering lifetime income. That balance matters when retirement income planning is not just about the largest first check.

Product intelligence

The product matters as much as the income category.

A category comparison tells you whether FIA, SPIA, DIA, or annuitization fits the job. The next layer is product-specific: payout factors, rider fees, accumulation crediting, surrender schedules, beneficiary treatment, and state availability can change the real answer.

Browse annuity reviewsCompare FIA products

Income rider power

Roll-up terms, payout factors, rider charges, and lifetime withdrawal rules determine how much usable income a contract can create.

Accumulation tradeoffs

Caps, participation rates, spreads, floors, and index menus shape the upside path before income starts.

Contract control

Free withdrawals, surrender charges, RMD treatment, death-benefit rules, and liquidity provisions decide what flexibility remains.

Estimates are based on available product and quote data and are for education only. They are not financial advice, a recommendation, or a carrier-approved illustration. A licensed financial advisor or insurance professional must confirm the actual quote, contract terms, state availability, and fit before you make a decision. Guarantees are backed by the issuing insurance company, not AnnuityRatesHQ or AdvisorWorld.

Frequently Asked Questions

What is an annuity income comparison?

An annuity income comparison puts multiple lifetime-income paths side by side, including FIA income riders, annuitization, deferred income annuities, and immediate income annuities. The goal is to compare income and the control you keep.

Does a SPIA or DIA always pay more than an FIA income rider?

SPIA and DIA contracts can show higher guaranteed monthly income because they usually require giving up principal access. FIA income riders may pay less initially but can preserve contract value access, beneficiary value, and optionality.

When can an FIA income rider offer more flexibility?

An FIA income rider may offer lifetime income while preserving more contract flexibility than annuitization, SPIA, or DIA paths. Whether that tradeoff fits depends on the current income, liquidity, death-benefit terms, costs, and the buyer’s priorities.

How much does an immediate annuity pay?

Immediate annuity income depends on your age, gender, state, premium, life type, payout option, and current carrier pricing. In the current $250,000 TX public example for age 60, the SPIA/immediate annuity benchmark shows an estimated $1,532 per month for comparison only; a licensed financial advisor or insurance professional must confirm actual carrier quotes and fit before use. Change the inputs to compare your own monthly income with DIA, annuitization, and FIA income rider paths.

What is an annuity payout rate?

An annuity payout rate is annual income divided by the premium used to buy the contract. In the current public example, the immediate annuity benchmark is an estimated 7.4% annually, based on $1,532 per month from a $250,000 premium. This is for comparison only; a licensed financial advisor or insurance professional must confirm actual carrier quotes and fit before use. Higher payout rates can require giving up more principal access.

How does an annuity payout calculator work?

An annuity payout calculator uses inputs such as age, income start age, premium, state, gender, and single- or joint-life assumptions to estimate monthly income. This calculator compares those results across FIA income riders, annuitization, DIA, and SPIA/immediate annuity paths, then shows liquidity, guarantee, cost, and principal-control tradeoffs.

How much does a $100k / $250k / $500k annuity pay per month?

A $100k, $250k, or $500k annuity does not have one fixed monthly payment. For the same person and payout option, income usually scales roughly with premium, so $250k is about 2.5x $100k and $500k is about 5x $100k, but live quotes vary by age, state, gender, timing, and refund features.