How Much Should I Annuitize?
How Much of Your Retirement Savings Should You Annuitize?
Deciding to buy a life annuity is only part of the decision. You also need to decide how much of your retirement savings you may want to annuitize and how much you want to keep accessible.
Our free assessment asks 8 quick questions about your retirement income, savings, need for flexibility and financial priorities to provide a personalized range to explore.
How Much Should I Annuitize?
Start Your 2-Minute AssessmentFree • No obligation • 8 questions • Instant personalized results
What Will the Assessment Show Me?
Your answers are used to provide three personalized pieces of information:
- A suggested percentage range of your retirement savings to explore for a life annuity.
- An approximate dollar amount based on the retirement savings range you select.
- Key insights showing which retirement priorities influenced your result.
Table 1: Example Annuitization Ranges
| Annuitized | Amount Annuitized | Kept Accessible |
|---|---|---|
| 20% | $100,000 | $400,000 |
| 30% | $150,000 | $350,000 |
| 40% | $200,000 | $300,000 |
| 50% | $250,000 | $250,000 |
| 60% | $300,000 | $200,000 |
| 70% | $350,000 | $150,000 |
Example: Calculations assume $500,000 in retirement savings and are shown only to illustrate how partial annuitization works.
The amount that may be appropriate to annuitize depends on your income needs, other guaranteed income, liquidity needs, estate goals and personal circumstances.
Average Monthly Lifetime Income per $100,000 Annuitized
Age 65 • No Guarantee vs. 10-Year Guarantee • Canadian Life Annuity Rates
Based on the average of available insurer rates shown on August 5, 2026. Monthly amounts are illustrative and are not guaranteed.
Table 1: Estimated Monthly Income by Amount Annuitized
| Amount Annuitized | Single Male | Single Female | Joint Life | |||
|---|---|---|---|---|---|---|
| No Guarantee | 10-Year | No Guarantee | 10-Year | No Guarantee | 10-Year | |
| $100,000 | $566 | $566 | $535 | $535 | $486 | $494 |
| $200,000 | $1,133 | $1,132 | $1,069 | $1,070 | $971 | $987 |
| $300,000 | $1,699 | $1,697 | $1,604 | $1,606 | $1,457 | $1,481 |
| $400,000 | $2,266 | $2,263 | $2,139 | $2,141 | $1,943 | $1,974 |
| $500,000 | $2,832 | $2,829 | $2,673 | $2,676 | $2,429 | $2,468 |
Assumptions: Age 65. Monthly amounts are based on the average of the available Canadian insurer rates shown on August 5, 2026 for no-guarantee and 10-year guarantee life annuities.
Amounts are rounded to the nearest dollar. Actual annuity income varies by insurer, age, sex, guarantee period, interest rates and other factors. Rates can change at any time.
Disclaimer: This assessment is for informational and educational purposes only and should not be considered financial advice. Your result is based only on the answers you provide. Annuity decisions should be reviewed with a qualified financial advisor.