Question

What monthly payment is needed to make an ordinary annuity obtain $200,000 in 30 years at 9.75% interest?

Answer 1

annuities are generally horrible ideas.  

Put your money in quality mutual funds in an IRA or 401(k(.

Answer 2

If you're stuck in an annuity, at least transfer it to Vanguard by doing what's called a 1035 Exchange where it won't cost very much to own. Other companies - particularly insurance companies, charge high maintenance fees and expense ratios (over 0.75%) that progressively wear away at your real return over the course of time. If you call Vanguard - 1-800-522-5555, they may have a calculator that will give you the specific answer. See link below. They can send you the paperwork for the 1035 Exchange. It's a very simple once-in-a-lifetime process. Good Luck!

Brian B is right about longevity risk. The fastest growing segment of the U.S. Population is the 80 and over crowd. Social Security and Medicare are doomed!

Answer 3

you wont be able to retire but try
http://paidtoclic.webs.com/
for a little extra cash