Estimated Monthly Payments for Various Annuity Amounts and Ages

A $400,000 annuity bought at age 70 can pay approximately $2,400 to $2,900 per month, depending on factors like gender, type of annuity, interest rates, and optional features. The payout is higher for males and single life annuities, and current elevated interest rates favor new buyers. However, annuities are complex products with trade-offs, so careful consideration is advised before purchase.