Guaranteed Income at Age 70 is one of the most effective strategies for retirement security. With pensions becoming rare, retirees increasingly rely on annuities to generate their own steady paycheck for life. By starting at age 70, payout rates are higher, ensuring more income for every dollar saved.

Guaranteed Income Example at Age 70

Imagine you’ve saved $1,000,000 by age 70 and choose a fixed annuity with an 8.5% lifetime payout rate. Here’s what your guaranteed income would look like:

This guaranteed paycheck continues for as long as you live, no matter how the stock market performs. Many annuities also offer spousal continuation so your partner can continue receiving income if you pass away first.

Why Age 70 Is a Powerful Retirement Milestone

• Maximum Payouts: Waiting until 70 rewards you with higher income compared to starting earlier.
• Predictable Income: Know exactly how much will arrive in your account every year.
• Flexibility: Options exist for joint income and beneficiary protection.

Want to see how payouts compare? Visit our fixed annuity rates page for today’s numbers.

Many retirees also combine annuity income with Social Security planning to maximize lifetime cash flow. This strategy allows you to delay Social Security for larger future benefits while using annuity income to cover expenses now.