How much does a $2 million annuity pay? For many retirees and pre-retirees, the goal is simple: turn savings into a reliable paycheck you cannot outlive. Working with Diversified Insurance Brokers, you can compare income options from 100+ highly rated carriers and see exactly what guaranteed payouts could look like at different ages. Below you’ll find clear examples, an embedded income calculator, and practical guidance to help you decide if a personal pension (via annuity) fits your plan.

What a $2,000,000 Annuity Can Pay (Examples)

Exact payouts depend on age, product, and features (single vs. joint life, period certain, etc.). To illustrate how age impacts guaranteed lifetime income, here are common reference points:

Why Create a “Personal Pension”

• Guaranteed for life: Income keeps coming regardless of market performance or longevity.
• Principal protection: Fixed and fixed indexed annuities shield against market losses.
• Predictable planning: Know your baseline income and coordinate the rest of your portfolio with confidence.
• Spousal options: Joint-life designs can protect two lifetimes.

How the Payout Is Determined

• Age when income starts: Later start ages generally receive higher payout rates.
• Product type: Immediate income vs. deferred income, or a fixed indexed annuity with an income rider.
• Riders & guarantees: Lifetime income riders, period-certain guarantees, or enhanced benefits may affect payments and fees.
• Single vs. joint life: Joint payouts often reduce the annual amount to cover two lifetimes.

Coordinating With Social Security

Many clients pair annuity income with Social Security planning. Guaranteed annuity payments can help cover essential expenses, allowing you to delay Social Security for potentially higher lifetime benefits. This coordination creates a stable, inflation-resistant income base.

Who This Strategy Fits Best

• Retirees and pre-retirees who want a dependable lifetime paycheck.
• Investors seeking less sequence-of-returns risk in retirement.
• Couples who value joint lifetime income and/or beneficiary protections.
• Those who prefer simplicity: set it, activate income, and enjoy consistent cash flow.

If you’re evaluating whether to annuitize all or just a portion of your portfolio, start by seeing current rates and testing scenarios with our calculator. You can also compare broader income-focused strategies here: Lifetime Income Annuities.