Today, we’re diving into one of the most common questions we get asked: “How much lifetime income can I get from a $100,000 investment?” While the answer depends on various factors, we’ll provide a real scenario to give you a clear picture of what to expect in today’s market.
Carl’s Retirement Scenario
To illustrate, let’s create a hypothetical client: Carl Winslow from Family Matters. Carl is 60 years old, lives in Texas, and plans to retire at 67. He wants his income to start at age 70. Using these details, we’ll explore what his $100,000 investment in a fixed index annuity could yield.
Factors and Assumptions
When running these numbers, we need certain information:
- Age: 60 years old
- Location: Texas
- Retirement Age: 67
- Income Start Age: 70
For our calculations, we assume a 5% interest rate, recognizing that actual rates vary by company and change frequently.
Income Estimate
Based on these assumptions, Carl’s $100,000 investment at approximately 5% interest could provide between $1,000 and $1,200 per month in lifetime income starting at age 70. This could be an extra $12,000 – $14,400 a year. This estimate gives a realistic snapshot of potential returns, although exact amounts will depend on current interest rates and other factors.
Personalized Calculation
To get an accurate, personalized estimate, visit The Annuity Link website. Our calculator can help you see what your specific scenario might look like. Alternatively, we’re happy to discuss your needs and provide a detailed illustration.
If you’re curious about how much lifetime income your investment could generate, give us a call at (817) 886-5223. Our agents are here to walk you through the options and help you plan for a secure and comfortable retirement.
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