The honest answer: it depends on your age, when you turn income on, and how much you set aside. Here’s how to think about it — and how to get your actual numbers.
When you start taking income.
The longer before you turn income on, the more it can pay.
Not the whole portfolio — just the part with a job to do.
The specific product you choose, and its terms.
We don’t publish a single number here, because a number we can’t stand behind isn’t worth much. An advisor can run your actual numbers.
We’d typically look at setting aside part of a $500,000 portfolio — often no more than half — to cover essential expenses for life. The rest stays invested.
The goal isn’t one product. The advisors we work with use several tools — the timing of Social Security, bond ladders, dividends, and annuities — and an annuity is one piece of that. Income you can’t outlive is subject to the claims-paying ability of the issuing insurance company.
Not sure of your number yet? Find your income gap first →
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This page is educational and is not tax, legal, or investment advice. It shows no projections or guaranteed amounts. A “personal pension” refers to income from an annuity issued by a licensed insurance company, and annuity guarantees are subject to the claims-paying ability of that company. Product features, availability, and terms vary by contract and state. Consider your own circumstances and consult a licensed professional before acting.