How Much Does a $150,000 Annuity Pay Per Month?

If you’re wondering what kind of monthly income a $150,000 annuity can give you in retirement, you’re not alone.

With annuity rates higher than they’ve been in years, now’s a great time to see what that kind of investment could produce — whether you want income now or prefer to let it grow before retirement.

Let’s break it down clearly and show some real examples of what you can expect.

Need help choosing the best annuity for your unique situation? Have questions about getting an annuity? If so, it’s best to speak with an annuity specialist. Watch this short video to see how I can help you do this (at no cost to you!)

Tip: See how much an annuity could pay you using my annuity calculator.

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What a $150,000 Annuity Pays Right Now

Let’s start with a couple aged 60 who decides to take immediate joint lifetime income.

In today’s market, companies like Prudential, Nationwide, and Corbridge are offering strong payouts.

✅ The highest payout right now for $150,000 (joint lifetime income) is around $9,800 per year — that’s about $816 per month, guaranteed for as long as either spouse lives.

That’s predictable, stable income that never changes, no matter what the market does.

👉 Want to see your own quote? Use the free Annuity Calculators to see exactly what your payout would be — single or joint, immediate or deferred.

What Happens If You Wait Until Age 62?

If you decide to wait two more years and start income at age 62, the numbers go up.

At that point, Clear Spring offers one of the top payouts at $11,715 per year, or about $976 per month for a joint lifetime income.

If you choose a single life payout, that can increase to roughly $13,000 per year — but remember, a single payout stops when you pass away, leaving no continuing income for a spouse.

💡 Pro Tip: If you’re married, always compare both single and joint options side-by-side. The difference in payout is often smaller than you’d expect — and joint income gives you peace of mind that your spouse is protected too.

Age 65: Adding Five Years of Deferral

Let’s say you decide to wait until 65 — the same age you take Medicare.

By then, your $150,000 annuity could pay about $16,500 per year if you take single income, or $14,000–$15,000 if you take joint income.

That’s roughly $1,200 per month of guaranteed income for life.

Pretty strong returns for money that’s 100% protected from market losses.

👉 Want help comparing which companies are paying the most right now? Schedule a call and I’ll show you every top-rated carrier side-by-side.

The Power of Waiting Until Age 70

If you defer income for 10 years and start at age 70, things really take off.

That same $150,000 could pay close to $24,000 per year, or about $2,000 per month for life — for two people.

That’s a huge boost simply by waiting, and it’s all contractually guaranteed.

💡 Pro Tip: Annuities grow through what’s called an income rider — a benefit that guarantees your income base compounds over time. The longer you wait, the higher the lifetime income.

The “Sweet Spot” — Deferring for 12 Years (Age 72)

Let’s push it a bit further.

If you buy an annuity at 60 and defer income until 72, that same $150,000 could produce about $28,500 per year — or nearly $2,400 per month in guaranteed lifetime income.

That’s possible because companies like Clear Spring are currently offering:

  • 8% upfront bonus, and
  • 8% compound growth for up to 12 years on the income base.

By year 12, your $150,000 income base can grow to over $400,000, and you can withdraw around 7% for life.

Even if your account value eventually runs down to zero, your income never stops.

👉 Want to calculate your own “sweet spot”? Use my free annuity calculator to test different start ages and payout options instantly.

Why an Income Rider Often Beats SPIAs or DIAs

Traditional annuities like SPIAs (Single Premium Immediate Annuities) and DIAs (Deferred Income Annuities) still work great — but they’re more rigid.

Income riders give you:

  • Flexible start dates
  • Optional joint income
  • Access to account value
  • Potential for indexed growth (linked to the S&P 500)

If you want lifetime income plus flexibility and transparency, the income rider strategy usually wins out.

Conclusion

A $150,000 annuity can provide anywhere from $800 to $2,400 per month depending on your age, whether you take single or joint income, and how long you let it grow.

The bottom line: If you want guaranteed, predictable income for life, an annuity can be one of the most powerful tools available — especially when you compare every carrier, side-by-side, before buying.

Need help with finding the best annuity for your retirement?

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On the call, I can help you:

  • Determine what type of annuity is best for you
  • Find the highest paying annuities for your unique situation
  • Answer any other questions you may have

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