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The Single Premium Immediate Annuity That Adds $3,800 a Month to a $1.2 Million Income Portfolio Without Touching a Stock
Key takeaways
- Johnson & Johnson (JNJ) and Procter & Gamble (PG) dividends grow over time, but today’s Treasury-driven SPIA payouts offer higher immediate income without market risk.
- Treasury rates near 4.6% have pushed SPIA payouts to rare 9.1% levels—but falling Fed rates mean this window for locking in elevated guarantees won’t last long.
- SmartAsset s free tool can match you with a financial advisor in minutes to help you answer that today.
The Single Premium Immediate Annuity That Adds $3,800 a Month to a $1.2 Million Income Portfolio Without Touching a Stock ANDREI ASKIRKA / Shutterstock.com Drew Wood Sat, May 23, 2026 at 9:27 PM GMT+7 5 min read PG JNJ Quick Read A retiree can trade $500,000 in stocks for a Single Premium Immediate Annuity (SPIA) generating $3,800 monthly instead of relying on dividend growth alone.
Johnson & Johnson (JNJ) and Procter & Gamble (PG) dividends grow over time, but today’s Treasury-driven SPIA payouts offer higher immediate income without market risk.
Treasury rates near 4.6% have pushed SPIA payouts to rare 9.1% levels—but falling Fed rates mean this window for locking in elevated guarantees won’t last long.
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