How much will a $750,000 annuity pay each month in 2026?

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September 17, 2026 / 10:55 AM EDT / CBS News

Millions of Americans reach retirement age each year, and for many of them, that retirement milestone doesn't just signal the end of their working years. It also ushers in a major shift in how they think about their money. After spending decades focused on building their savings to prepare for retirement, they have to determine how to turn those savings into reliable income — and how to make that income last for the rest of their lives. That can be a tough task to take on, particularly in today's economic environment.

Part of the issue is that inflation is elevated right now, and the rising prices that stem from it can gradually erode retirees' purchasing power. And, the changing interest rate landscape and market conditions we're facing currently can make investment income less predictable. While Social Security, pensions and portfolio withdrawals can all help cover monthly expenses, having another dependable source of retirement income can make it easier to plan around both routine costs and the unexpected.

An annuity can…

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