If you’re wondering how much a $750,000 annuity pays per month, you’re not alone. This is a common amount many retirees use to create guaranteed lifetime income — without risking market losses or worrying about outliving their money.
In this article, we’ll look at real examples from top-rated carriers and explain how different payout options, ages, and deferral periods affect your income.
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 our annuity calculator.
💰 Immediate Income: Start Next Month
If you’re age 60 and want income to start right away, a $750,000 joint annuity (for you and your spouse) currently pays about:
- $49,000 per year, or roughly $4,083 per month, guaranteed for life.
- Top carrier: Prudential (as of current rates).
If you’re single, payouts increase since they only cover one life. But remember — once you pass, payments stop, and no further income goes to your spouse.
💡 Pro Tip: Married couples should almost always choose a joint lifetime payout. It ensures both spouses are covered, no matter who lives longer.
👉 Want help finding the best joint annuity for your situation? Click here to schedule a call.
⏳ 2-Year Deferral: Wait Until Age 62
If you wait just two years before starting income, the numbers improve.
- Clear Spring Life: $58,577 per year ($4,881/month)
- Other strong carriers: Corebridge, Delaware Life, and F&G
That’s a noticeable jump in guaranteed lifetime income just by waiting a couple of years.
🕔 5-Year Deferral: Wait Until Age 65
At age 65 — the most common retirement start age — payouts can increase dramatically.
- Nationwide: $78,000 per year ($6,500/month) joint lifetime income
- Clear Spring: $76,170 per year ($6,347/month)
That’s nearly a $2,000/month difference compared to starting at age 60.
💡 Pro Tip: Deferring income allows your benefit base (the amount used to calculate future payouts) to grow each year — often 6–8% annually, depending on the carrier.
🔁 Single Life vs. Joint Life
| Type | Annual Income | Notes |
| Single Life | Up to $82,000/year | Higher monthly payout, stops at death |
| Joint Life | Around $78,000/year | Continues for both lives |
If your spouse has their own pension or assets, you might choose a single life payout. But if you rely on one primary retirement income, joint life protection is usually smarter.
📈 Long-Term Deferral: Wait Until Age 70 or Later
If you plan to retire later or simply want the highest income possible, waiting can significantly increase payouts.
At age 70:
- Clear Spring pays around $119,000/year
- Nationwide: $112,000/year
- American Equity: rising rapidly to $164,000/year by age 75
That’s over $13,000/month for life at age 75 — a massive jump for those who can wait.
The reason? American Equity offers long compounding periods and bonus credits that make them outperform in later years.
💵 Comparing MYGA vs. Income Rider
Some retirees prefer MYGAs (Multi-Year Guaranteed Annuities) for safe, fixed growth — like a CD alternative.
For example, with a 10-year MYGA:
- $750,000 grows to $1.281 million
- You could withdraw about $41,000 per year in interest
However, if your goal is lifetime income, the income rider annuity usually wins. After 10 years, your benefit base could reach over $1.6 million, giving you much higher lifetime payouts.
💡 Pro Tip: If you’ll need income later, the income rider is usually the better choice. If you just want safe, fixed growth for a few years, MYGAs are great short-term tools.
⚖️ Transparency Matters
John Stevenson shows all available annuities — over 70 carriers — not just a few that pay high commissions. Many advisors only present a handful of products they profit from most, but John’s approach is different:
“I’m a fiduciary, and my job is to show everything that’s available so you can make the best decision — not me.”
That means no hidden incentives, no sales pressure — just objective comparisons.
Conclusion
A $750,000 annuity can generate anywhere from $4,000 to over $13,000 per month, depending on:
- When you start income
- Whether it’s single or joint
- The type of annuity you choose
The right strategy depends on your age, goals, and how long you plan to defer income.
Need help with finding the best annuity for your retirement?
Click here to schedule a call with me.
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
Answer any other questions you may haves