A $250,000 annuity can provide guaranteed monthly income, typically $1,300 to $1,600 for fixed annuities, $1,000 to $1,300 for variable, and $1,100 to $1,400 for indexed annuities. Deferring payments can increase payouts to $1,500–$1,800. Pros include lifetime income and protection from outliving savings; cons involve limited access to principal, fees, and inflation risk. Assess your goals before committing.