Guaranteed Income Annuity Calculator
Estimate how much guaranteed monthly income you could receive from an FIA with income rider or SPIA. Compare both options side by side to see which fits your retirement goals.
Annuity Type
Your Details
Longer deferral = higher income base
Estimated Monthly Income
$1,394
per month, guaranteed for life
FIA with income rider · $200,000 premium · 5-year deferral
Annual Income
$16,728
Income Base
$268k
Withdrawal Rate
6.3%
Account Value
$232k
FIA vs SPIA Comparison
FIA + Income Rider
SPIA
What This Means For You
You keep control of your money
Unlike a SPIA, an FIA with income rider lets you maintain an account value (estimated ~$232k after 5 years). You can access it, pass it to heirs, or adjust your strategy.
Income base grows even if the market doesn't
The guaranteed rollup rate grows your income base to ~$268k regardless of market performance. Your income floor is locked in and can never decrease.
5 years of deferral significantly boosts income
The longer you let the income base grow, the higher your guaranteed withdrawal amount. Many people activate income when they actually need it, not immediately.
FIA income rider fees are typically 0.95–1.25% annually
This fee is deducted from your account value (not the income base), which is why your estimated account value (~$232k) grows slower than the income base (~$268k). The guarantee has a cost, but it means your income floor is locked in regardless of market performance.
These are educational estimates
Actual rates vary by carrier, product, and market conditions. Use these numbers to understand the ballpark, then talk to a specialist for real quotes.
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Important Disclosures
- FIA income base rollup rates (6%) and withdrawal percentages are illustrative averages — actual rates vary by carrier and product (typically 5–8%)
- FIA account value growth assumes ~4% average crediting rate minus ~1% annual rider fee = ~3% net growth — actual returns depend on index performance, caps, and rider fees
- SPIA payout rates are educational estimates based on current market conditions — actual quotes depend on carrier, product, age, and prevailing interest rates
- Rider fees typically range from 0.95% to 1.25% annually and are deducted from account value, not income base
- Surrender periods typically range from 5 to 10 years — early withdrawals may incur surrender charges
- Consult a licensed financial professional before making decisions
Learn More
Frequently Asked Questions
What is a SPIA?
A SPIA (Single Premium Immediate Annuity) converts a lump sum into guaranteed monthly income that starts right away. You give up access to the principal in exchange for the highest possible payout rate. Income continues for life.
What is an FIA with income rider?
A Fixed Index Annuity (FIA) with an income rider gives you market-linked growth potential with a guaranteed income base that grows at a set rollup rate (typically 7%). You can activate guaranteed income whenever you choose while keeping access to your account value.
Which pays more — SPIA or FIA?
A SPIA pays more per month because you give up your principal. An FIA pays slightly less but preserves your account value, offers a death benefit, and gives you flexibility to start income later. The right choice depends on your priorities.
How accurate are these estimates?
These are educational estimates using simplified payout tables. Actual rates vary by insurance carrier, product, age, gender, and market conditions. Use these numbers to understand the ballpark, then get real quotes from a licensed specialist.