How much will a $100,000 annuity pay each month in 2026?

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September 2, 2026 / 12:41 PM EDT / CBS News

Knowing how much income your retirement savings can reliably generate is a critical part of retirement planning, as that money may need to last for decades after you stop working. And, while retirees may have several options for generating income from their savings right now, the looming financial issues, including persistent cost pressures and uncertainty about the direction of the economy, can make it difficult to determine how much money they can safely spend each month.

That uncertainty may be especially concerning for those who are approaching retirement with a sizable nest egg but without a traditional pension, which has become less and less common over the last several decades. Keeping $100,000 in retirement cash on hand provides flexibility, for example, but gradually withdrawing it creates the risk that the balance will eventually run out. Investing it may offer more growth potential, but it also exposes the money to market losses, which are risky for retirees.

An annuity offers a different route. By converting a portion of your savings into…

Original source: https://www.cbsnews.com/moneywatch/