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Is my annuity payout too good to be true?

I have an old annuity that should have a $50,000 balance when I'm 60 years old. The various calculators on the net usually say a payout of over 5 years (not for life) would be around $800 per month. That assumes 4% interest. This seems too good to be true. I know that much depends on the contract and other variables, but in general, does the $800 plus a month seem an accurate figure?

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October 2017

Yes, this seems accurate.  Using simple math, $50,000 paid out over 5 years (60 months) would be $833 per month.  Adding in the interest earned and subtracting the annuity company's profit and expenses would come out to about $800 per month.  Alternatively, you could invest the $50,000 balance and set up a payout over longer than 5 years and possibly still maintain some principal, although the payout would be less per month.

October 2017
October 2017
October 2017
October 2017