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In 2009, Ted purchased an annuity for $60,000. The annuity is to pay him $1,500 per month for the rest of his life. His life expectancy is 120 months. A). Ted is not required to recognize any income until he has collected 40 payments (40 $1,500 = $60,000).
Annuity Payout Calculator. Calculate the annuity payout amount for fixed payout length or calculate the annuity payout length for fixed payout amount. You can withdraw $5,511.20 monthly. After 10 years, $5,511.20 is equivalent to $4,100.85 in purchase power.