Annuity Income Calculator
This calculator provides a simplified approach for estimating your monthly annuity. The calculation assumes the annuity will begin tomorrow, which means that future income, contributions and investment earnings are not considered in the final calculation.
If you would like an estimate of your monthly annuity for a future retirement date, our senior benefits specialists are ready to help. Contact us at 800.986.6222 or service@mmbb.org for a customized estimate today!
Sample Retirement Age
The age at which you retire affects the amount of your monthly income. If you start an annuity at age 65, your monthly income is expected to continue for a shorter time than if you start an annuity at age 55 — so an annuity starting at age 65 would provide a larger monthly amount. This calculator lets you try different retirement ages.
For this calculation, enter any age you wish between the ages of 45 and 80 in whole years. The calculator will assume that you are that age, and that your retirement income begins tomorrow.
Important to know
Note that if you enter an age that is older than your current age, the calculator will not increase your benefits for projected future contributions or earnings. See example. To estimate your retirement income beginning at an age younger than 45 or older than 80, please contact MMBB.