How much does a $500,000 annuity cost?

A $500,000 annuity would pay you $29,519.92 per year in interest, or $2,395.83 per month if you prefer to set up systematic withdrawals of interest. These payments assume a guaranteed interest rate of 5.75%. If you would like to see rates for deferred annuities you can find today’s annuity rates here.

What is a $500,000 life annuity?

A $500,000 straight life annuity will have a higher payout than a life with period certain or a joint and survivor annuity of the same premium amount. Type of annuity: Immediate annuities are the easiest payments to calculate because they begin paying out right away.

How much does an annuity pay?

These annuity payouts indicate how much a $500,000 annuity would pay you depending on how old you are at the time of purchase. Annuity payments are based on an initial deposit of $500,000, life with installment refund payout option, and payments beginning 30 days after contract issue. What Type of Annuity Pays the Most?