Annuity Calculator
Estimates future value of regular payments or the payment needed to reach a savings goal
Amount contributed each payment period
Expected annual rate of return
How long you plan to make payments
How often payments are made
Total value of the annuity at the end of the term
Sum of all payments made over the term
Growth from interest on your contributions
Frequently Asked Questions
What is an annuity?
An annuity is a series of equal payments made at regular intervals. Examples include retirement account contributions, loan payments, and insurance payouts. The future value of an annuity calculates how much those regular payments will be worth after earning compound interest.
What is the difference between ordinary annuity and annuity due?
An ordinary annuity makes payments at the end of each period (like most loans). An annuity due makes payments at the beginning (like rent or insurance premiums). Annuity due has a slightly higher future value because each payment earns interest for one additional period.
How do I calculate how much to save monthly to reach a goal?
Use the annuity formula solved for payment: PMT = FV * r / ((1+r)^n - 1), where FV is your goal, r is the periodic interest rate, and n is the number of periods. For example, to save $100,000 in 10 years at 7% annual return, you need about $580 per month.
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