Annuity Calculator
Use this annuity calculator to determine how much money you can save with your annuity plan. Customize your annuity calculations based on initial investment, annual contribution amount, contribution frequency, annual rate of return and other factors. Quickly calculate your projected annuity investment balance so you can make informed decisions.
RESULTSQ&A
CALCULATORRESULTSQ&A
Contribution Years
Years Till First Withdrawal
Initial Investment
Contribution Frequqncy
Annually
- Monthly
- Quarterly
- Semi-annually
- Annually
Annual Contribution
Contribution Timing
Annual Rate of Return
Results
Your balance will be
$247,708 in 30 years.
Starting Principal
$5,000
Total Contribution
$90,000
Total Interest
$152,342
Ending Balance
$247,708
Months
Balance
Cumulative Interest
| Year | Beginning Balance | Contribution | Interest | Ending Balance |
|---|---|---|---|---|
| 1 | $5,000 | $3,600 | $347 | $8,962 |
| 2 | $8,962 | $3,600 | $545 | $13,122 |
| 3 | $13,122 | $3,600 | $753 | $17,490 |
| 4 | $17,490 | $3,600 | $972 | $22,076 |
| 5 | $22,076 | $3,600 | $1,201 | $26,892 |
| 6 | $26,892 | $3,600 | $1,442 | $31,948 |
| 7 | $31,948 | $3,600 | $1,695 | $37,257 |
| 8 | $37,257 | $3,600 | $1,960 | $42,832 |
| 9 | $42,832 | $3,600 | $2,239 | $48,685 |
| 10 | $48,685 | $3,600 | $2,531 | $54,831 |
| 11 | $54,831 | $3,600 | $2,839 | $61,285 |
| 12 | $61,285 | $3,600 | $3,161 | $68,061 |
| 13 | $68,061 | $3,600 | $3,500 | $75,176 |
| 14 | $75,176 | $3,600 | $3,856 | $82,646 |
| 15 | $82,646 | $3,600 | $4,229 | $90,490 |
| 16 | $90,490 | $3,600 | $4,622 | $98,727 |
| 17 | $98,727 | $3,600 | $5,033 | $107,375 |
| 18 | $107,375 | $3,600 | $5,466 | $116,455 |
| 19 | $116,455 | $3,600 | $5,920 | $125,990 |
| 20 | $125,990 | $3,600 | $6,397 | $136,001 |
| 21 | $136,001 | $3,600 | $6,897 | $146,513 |
| 22 | $146,513 | $3,600 | $7,423 | $157,550 |
| 23 | $157,550 | $3,600 | $7,975 | $169,140 |
| 24 | $169,140 | $3,600 | $8,554 | $181,309 |
| 25 | $181,309 | $3,600 | $9,163 | $194,086 |
| 26 | $194,086 | $0 | $9,704 | $203,790 |
| 27 | $203,790 | $0 | $10,190 | $213,980 |
| 28 | $213,980 | $0 | $10,699 | $224,679 |
| 29 | $224,679 | $0 | $11,234 | $235,913 |
| 30 | $235,913 | $0 | $11,796 | $247,708 |
See how your interest and principal change over time
Tips
Earn $1,661 more in interest
by adding 10% more to your initial investmentWith a higher initial investment, you will be better off in the long-term as you will earn interest on a larger amount from the start, with your contributions compounding over time. The obvious impediment, however, is short-term affordability. But if you can comfortably afford to have a higher principal, without jeopardizing other savings and your emergency fund, your wallet will ultimately thank you.
| Original Initial Investment | Increased Initial Investment | |
|---|---|---|
| Starting Principal | $5,000 | $5,500 |
| Quarterly Contribution | $900 | $900 |
| Total Contribution | $90,000 | $90,000 |
| Cumulative Interest | $152,342 | $154,003 |
| Ending Balance | $247,708 | $249,869 |
| Interest Gain | - | $1,661 |
| Ending Balance Gain | - | $2,161 |
Tips
Earn $13,573 more in interest
by adding $90 more to your quarterly contributionThe more you contribute to your annuity plan, the faster interest will grow and the longer the funds will last.
| Original Contribution | Increased Contribution | |
|---|---|---|
| Starting Principal | $5,000 | $5,000 |
| Quarterly Contribution | $900 | $990 |
| Total Contribution | $90,000 | $99,000 |
| Cumulative Interest | $152,342 | $165,915 |
| Ending Balance | $247,708 | $270,318 |
| Interest Gain | - | $13,573 |
| Ending Balance Gain | - | $22,610 |
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