What is the maximum withdrawal amount from an annuity per year at age 62?

The maximum withdrawal amount from an annuity at age 62 varies based on the type of annuity, the terms of the contract, and the amount invested. Typically, annuities allow for a percentage withdrawal based on the account's value or a predetermined formula. It's advisable to consult the specific annuity contract or a financial advisor for precise figures, as penalties may apply for withdrawals before the specified age or outside of contract terms.