How much does a $50,000 annuity pay per month in 2026?

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September 1, 2026 / 1:37 PM EDT / CBS News

Retirement planning has become more complicated over the last few years, particularly for those trying to determine how far their savings will stretch. After all, everyday expenses remain elevated compared with just a few years ago, and inflation is still higher than it should be, which is further impacting people's budgets. And, uncertainty about the future of Social Security has put even more emphasis on the importance of building reliable sources of income into a retirement plan.

Generating that additional income can present its own challenges, though, particularly for retirees who have accumulated a modest amount of savings. Keeping $50,000 in cash provides flexibility, for example, but it doesn't necessarily create the predictable monthly income that can make retirement budgeting easier. Investing the money could offer greater growth potential, but it also exposes those funds to market swings, and, in turn, potential losses.

That's one reason an annuity may be worth considering. By converting some of your savings into guaranteed payments, an annuity can add another source of regular income…

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