How much does a $250,000 annuity pay each month right now?

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.

September 3, 2026 / 12:05 PM EDT / CBS News

There are a number of challenges looming in the current economic landscape, including high inflation, rising consumer goods prices and ongoing rate uncertainty, and these issues are having a big impact on many people's finances. In turn, retirement planning has become increasingly difficult, and for many soon-to-be retirees, it's now focused on one question: How can you turn the money you've accumulated into income that lasts? While building a sizable nest egg is an important part of that equation, deciding how to draw from those savings can be just as consequential.

That's one reason guaranteed income products, like annuities, can be appealing when you're preparing for retirement. Rather than relying entirely on investment withdrawals — which can fluctuate with market performance and require decisions about how much to take out each year — an annuity can convert a portion of your savings into predictable monthly payments. That can make it easier to cover recurring expenses without worrying as much about what the markets are doing from month to month.

And…

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