With the construction of the compensatory endowment insurance system, payout strategies that annuity and phased withdrawal plans are welcomed. To evaluate payout differences of annuity and four phased withdrawal plans, this paper takes account of stochastic capital markets and uncertain lifetimes by means of a utility-based framework. It first evaluates these rules on a stand-alone basis for a wide range of risk aversion. Next, it permits consumers to integrate these standardized payout strategies at retirement and compares the results. The results show that integrated strategies of uncertain lifetimes plans and annuitization can enhance retirees' well-being for low/moderate levels of risk aversion when compared to the full annuitization at retirement.