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FIA · Annuitization · DIA · SPIA
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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

$4,258

FIA income rider

Best balance

FIA income rider

High control

Monthly spread

$2,735

What higher income can cost

Run your scenario

No email required. The public example is already below.

Advisor confirmation required. Results are educational estimates, not a carrier illustration or recommendation.

Public example

Live ranked income paths

Open example
#1Best balance

FIA income rider

Global Atlantic - Forethought Life Insurance Company · ForeIncome II

$4,258

/month

#2

DIA benchmark

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

$3,288

/month

#3

SPIA benchmark

New York Life Insurance and Annuity Corporation (NYLIAC) · New York Single Premium Immediate Annuity

$1,523

/month

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

The form sends age, income-start age, premium, state, gender, and life type to the public AdvisorWorld income-path endpoint.

Four paths in one response

FIA income rider, annuitization, DIA, and SPIA are returned together so the payout number can be weighed against liquidity and control.

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.

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

DIA and SPIA are included as guaranteed-income benchmarks, not because they always produce the higher result. Compare the actual income shown here against liquidity, beneficiary value, and room to adjust.

FIA is flagged as best balance because it preserves control while still creating lifetime income.

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.

Where the engine needs a flat account-crediting path, 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

$4,258

FIA income rider

Best balance

FIA income rider

FIA income rider

Most flexible

FIA income rider

FIA income rider

Strongest guarantee

FIA income rider

FIA income rider

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 also the highest monthly income path in this scenario, so the control tradeoff is not costing monthly income here.

FIA income rider

Best balance

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

$4,258

monthly income

Vs best balance

$0/mo

Principal access

High principal access

Beneficiary value

$0

DIA benchmark

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

$3,288

monthly income

Vs best balance

-$970/mo

Principal access

No principal access

Beneficiary value

Not returned

SPIA benchmark

Can maximize immediate guaranteed income, but usually trades away principal access.

$1,523

monthly income

Vs best balance

-$2,735/mo

Principal access

No principal access

Beneficiary value

Not returned

PathMonthly incomeVs best balancePrincipal accessBeneficiary value
FIA income rider$4,258$0/moHigh principal access$0
DIA benchmark$3,288-$970/moNo principal accessNot returned
SPIA benchmark$1,523-$2,735/moNo principal accessNot returned

Decision balance

Income is only one part of the score.

These bars combine monthly income, principal control, and beneficiary value into an illustrative balance score.

The score is a visual aid, not financial advice or a product recommendation. Confirm the quote and contract terms with a financial advisor.

FIA income rider

Income with more contract control

87
Income100/100
Control92/100
Beneficiary51/100

DIA benchmark

Deferred guaranteed income

35
Income77/100
Control8/100
Beneficiary4/100

SPIA benchmark

Immediate guaranteed income

18
Income36/100
Control8/100
Beneficiary4/100

Cumulative income

The first payment is not the whole story.

This view estimates cumulative income paid over 5, 10, 15, and 20 years after each path begins. It helps separate headline monthly income from long-term payment timing.

$0$255,484$510,967$766,451$1MStartYear 5Year 10Year 15Year 20FIA income riderDIA benchmarkSPIA benchmark
PathStartsYear 5Year 10Year 15Year 20
FIA income riderAge 70$255,484$510,967$766,451$1,021,935
DIA benchmarkAge 70$197,280$394,560$591,840$789,120
SPIA benchmarkAge 60$91,380$182,760$274,140$365,520

Best balance

FIA income rider

Best balance when flexibility matters

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

Not available

Liquidity
No principal access
Guarantee
Lifetime guaranteed
Fee or cost
No ongoing fees after conversion
Death benefit and control
You trade the contract value for a lifetime payment stream from the insurer.
What you give up
Guaranteed conversion requires a selected FIA product with carrier-published annuitization support.

Benchmark

DIA benchmark

Deferred guaranteed income

Monthly income

$3,288

/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.

Benchmark

SPIA benchmark

Immediate guaranteed income

Monthly income

$1,523

/month

New York Life Insurance and Annuity Corporation (NYLIAC) · New York Single Premium Immediate Annuity

Liquidity
No principal access
Guarantee
Lifetime guaranteed
Fee or cost
No ongoing fees — income locked at purchase
Death benefit and control
A SPIA can maximize a guaranteed paycheck when income needs to start right away.
What you give up
You usually give up principal access in exchange for the immediate lifetime payment.

Income ranking

1. FIA income riderbest balance
$4,258
2. DIA benchmark
$3,288
3. SPIA benchmark
$1,523

The highest income path is shown plainly, but it does not automatically win the whole decision. Liquidity, death-benefit value, cost, and reversibility are part of the score.

Whole-income decision table

PathMonthlyLiquidityGuaranteeCostWhat you give up
FIA income rider$4,258high flexibilityLifetime guaranteed~1.20%/yr rider feeMonthly income can be lower than a pure income-only contract, and rider fees can apply.
AnnuitizationNot availableNo principal accessLifetime guaranteedNo ongoing fees after conversionGuaranteed conversion requires a selected FIA product with carrier-published annuitization support.
DIA benchmark$3,288No 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 benchmark$1,523No 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 the database returns product, quote, rider, and projection detail, it is shown here publicly. Projection rows are illustrations from the engine, not a carrier-approved illustration. Use them to ask better questions, then confirm the actual quote with a financial advisor.

Available details

FIA income rider

FIA with guaranteed lifetime income benefit

$4,258

monthly estimate

Carrier

Global Atlantic - Forethought Life Insurance Company

Product

ForeIncome II

A.M. Best

A

Monthly income

$4,258

Income type
GLWB
Account value at start
$349,333
Income base at start
$648,436
Payout rate
7.88%contractual or quoted
Roll-up rate
10%
Annual rider fee
1.2%deducted from account value
Free withdrawals
10%before surrender charges when available
Death benefit at start
—
Quote count
5top-ranked products returned
Illustrative projection milestones

Account-value and income-base milestones depend on product mechanics, rider terms, and assumptions. Confirm with a financial advisor and carrier illustration before relying on them.

PointAgeAccount valueIncome base
Now61$259,500$275,000
Income start70$349,333$648,436
Later90$0$648,436
Top product matches
ProductCarrierMonthlyRating
ForeIncome IIGlobal Atlantic - Forethought Life Insurance Company$4,258A
Power 7 Protector Plus IncomeCorebridge Financial$3,958A
Retirement Foundation ADVAllianz Life Insurance Company of North America$3,830A+
Nassau Personal Protection ChoiceNassau Life and Annuity Company$3,808B++
Income Pay ProNorth American Company for Life and Health Insurance$3,688A+

Unavailable in this scenario

Annuitization

Annuitize your contract value at retirement

Not available

monthly estimate

Monthly income

Not available

Death benefit at start

—

Guaranteed conversion requires a selected FIA product with carrier-published annuitization support.
Account value at start
—
Income base at start
—

Available details

DIA benchmark

Income starts at age 70 · Integrity Deferred Income Annuity

$3,288

monthly estimate

Carrier

Integrity Life Insurance Company (W&S)

Product

Integrity Deferred Income Annuity

Monthly income

$3,288

Death benefit at start

—

Account value at start
—
Income base at start
—
Quote count
27quotes returned
Quote results
ProductCarrierMonthlyRating
Integrity Deferred Income AnnuityIntegrity Life Insurance Company (W&S)$3,288—
New York Deferred Income AnnuityNew York Life Insurance and Annuity Corporation$3,062—
Guardian Deferred Income AnnuityGuardian Insurance & Annuity Company$3,026—
Massachusetts Deferred Income AnnuityMassachusetts Mutual Life Insurance Company$3,020—
TruStage Deferred Income AnnuityTruStage$2,995—

Available details

SPIA benchmark

Income starts next month · New York Single Premium Immediate Annuity

$1,523

monthly estimate

Carrier

New York Life Insurance and Annuity Corporation (NYLIAC)

Product

New York Single Premium Immediate Annuity

Monthly income

$1,523

Death benefit at start

—

Account value at start
—
Income base at start
—
Quote count
28quotes returned
Quote results
ProductCarrierMonthlyRating
New York Single Premium Immediate AnnuityNew York Life Insurance and Annuity Corporation (NYLIAC)$1,523—
Guardian Single Premium Immediate AnnuityGuardian Insurance & Annuity Company$1,521—
Athene ActivateAthene Annuity and Life Company$1,511—
Integrity Single Premium Immediate AnnuityIntegrity Life Insurance Company (W&S)$1,494—
EquiTrust Single Premium Immediate AnnuityEquiTrust Life Insurance Company$1,491—

Keep using the tool freely.

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

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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 often optimize the payment. FIA income riders often optimize the balance between guaranteed income and ongoing contract flexibility.

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.

Why can an FIA be the better balance?

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.

Why is an FIA income rider sometimes the best balance?

An FIA income rider can offer lifetime income while preserving more flexibility than annuitization, SPIA, or DIA paths. That balance can matter when liquidity, death-benefit value, or changing plans is important.

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 $1,523 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 7.3% annually, based on $1,523 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. Run those premiums in the annuity payout calculator at https://annuityrateshq.com/annuity-income-comparison.