Originally Posted by BigNick
They quoted me $158/mo per $100,000 invested, with 3% COLA.
I also found this site
which quoted $£376/mo per $100,000 invested, with 3% COLA.
A quick update... I was at my bank today, arranging to move some stuff around in my various retirement accounts. (Basically, I'm moving the guaranteed accumulation investments to a couple of accounts which have taken capital losses up to now, so they essentially function as tax-free CDs.) The investment guy at the bank likes me because I speak his language, unlike most of his customers who say "I don't know anything; you pick something for me" and then shout at him when the market goes the wrong way, as if the fee the pay entitles them to psychic powers.
Anyway, I mentioned my model of overall wealth including a lump-sum pseudo-value for my pension, and he liked it. So he pulled up the bank's annuity plan and showed me a return of $187/mo per $100,000 invested, with 3% COLA. That's quite close to the first figure quoted above. Taking the average of the two lower monthly figures, my 2800/month with full COLA is the equivalent of 1.6 million. (For what it's worth, the last two figures are in Euros, which at $1.31 makes $3670/month and $2.1 million. Put that way, it's a huge amount of money!)