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I hate to mention the word annuity around here but is there any historical data as to the payouts of a fixed immediate annuity ?

Here is one data point. We bought an American Legacy variable annuity, I believe in February of 1997. (Don't hold me to that - may have been earlier.) Paid $40,000. As chance would have it, we got our quarterly statement today. We took no cash out initially. By February 2008 we were receiving $389 a month. (I don't remember when payments actually started.) Here is what our new statement says:

current value is $92,772.
current withdrawal: $366.16 per month (Varies with the investments backing the annuity.)
total withdrawals: $60,848.91

Guaranteed income: $3,355 per year until the Countess departs this vale of tears.

We are satisfied.

CNC
... Note that this is not a fixed annuity, nor was it immediate.
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