- Pay a single purchase payment and begin receiving income right away, within the first 12 months of your contract being issued.
- You can choose to get your income for the rest of your life, a specific length of time, or a combination of both
- Choose coverage for just yourself, or yourself and a loved one
- You will get regular income payments either monthly, quarterly, semi-annually, or annually
What is an income annuity?
An income annuity provides guaranteed income unaffected by market fluctuations, offering predictable payments with no surprises.
What income annuities offer
Guaranteed income
You receive a stream of guaranteed income that begins either immediately or at a later date, depending on your needs.
Predictability
Income annuities provide a reliable source of income that is not affected by fluctuations in the stock market, so you know how much income you will receive.
Tax efficiency
If you’ve already paid taxes on the money used to purchase your annuity contract, a portion of each annuity payment will be tax free, until the total amount of income you’ve received equals the amount of your purchase payment(s).
Income annuities are best for those who:
Are seeking guaranteed income and wanting to introduce certainty into their retirement plan.
Are willing to receive regular income payments in exchange for access to some of their assets.
How do income annuities work?
You purchase an income annuity from an insurance company with a portion of your investable assets.
The company invests your money to provide you with a steady guaranteed income.
You receive regular payments, starting at the time of your choice and continuing for a set period or for life. Generally, you can’t access your funds outside of the regularly scheduled payments.
Calculate your retirement income gap
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Step 1 of 5 | About You
Retirement Income Gap Calculator
Will I have enough guaranteed income in retirement?
Understand what your expenses may be in retirement and calculate the gap between those expenses and your guaranteed income.
5 MINUTES TO COMPLETE
Quick Start
- Enter your information in the calculator. If you have a partner, they can complete the calculator and together you can get a more complete picture of retirement.
- To complete the calculator even faster, get your current monthly expenses ready and any pension or other expected retirement income.
- Our calculation is just an estimate, not a guarantee. So even if you have an income gap, don’t worry. We’re here to help you find ways to close the gap and plan for the retirement you want.
MassMutual RetireEase & RetireEase Choice
What solution is right for you?
MassMutual offers two income annuity solutions, depending on when you want to begin your income.
- You will purchase income for the future, waiting at least 13 months after your contract is issued
- You can choose to get your income for the rest of your life, a specific length of time, or a combination of both
- You can make a single purchase payment, or additional payments over time
- Choose coverage for just yourself, or yourself and a loved one
- You will get regular income payments either monthly, quarterly, semi-annually, or annually
Getting started is easier than you think
Tell us a bit about yourself and we’ll be in touch to start planning your future, together.
Learn more about income annuities
From our blog
Why MassMutual
Since
1851
we’ve been helping people secure their financial future and protect the ones they love
Nearly
$1.1T
of life insurance protection in force as of 12/31/25
Delivered
$10.3B
insurance and annuity benefits paid to policyowners and other customers in 2025
Any guarantees explicitly referenced herein are based on the claims-paying ability of the issuing insurance company.
This material does not constitute a recommendation to engage in or refrain from a particular course of action.
The information within has not been tailored for any individual.
The information provided is not written or intended as specific tax or legal advice. MassMutual and its subsidiaries, employees, and representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.
This product and/or certain features may not be available in all states or with all firms.
MassMutual RetireEase and RetireEase Choice are not Medicaid-friendly annuities. The use of either in conjunction with Medicaid planning is prohibited.
MassMutual RetireEase Choice (Contract form #FPDIA12 and ICC12-FPDIA12 in certain states, including North Carolina) is a flexible premium, deferred income annuity contract issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.
MassMutual RetireEase [Contract Form #SPIA05; SPIA05 (NC)] is a single premium immediate fixed annuity contract issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111.
NOT A BANK OR CREDIT UNION DEPOSIT OR OBLIGATION • NOT FDIC OR NCUA INSURED • MAY LOSE VALUE. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT GUARANTEED BY ANY BANK OR CREDIT UNION