What to Expect Annually from a $1.5 Million Annuity
Friday, 23 August 2024, 14:00
Understanding Annual Payouts
A $1.5 million annuity guarantees a reliable stream of income. Investors often expect various outcomes based on several influences.
Factors Affecting Annuity Payments
- Interest Rates – Higher rates typically enable greater annual returns.
- Investment Type – Fixed versus variable annuities yield different payouts.
- Contract Length – Longer terms usually mean lower annual payments.
Projected Annual Income
Those investing in a $1.5 million annuity can project earnings, ranging widely based on the aforementioned factors. On average, you could expect:
- Fixed Annuity: $95,000 to $110,000.
- Variable Annuity: Varies based on market performance but can be higher or lower.
For personalized projections, consulting a financial advisor is recommended.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.