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Annuity Calculator
Use this annuity calculator to determine how much money you can save with your annuity plan. Customize the calculations based on initial investment, annual contribution amount, contribution frequency, annual rate of return and other factors. Quickly calculate your projected balance so you can make informed decisions.
RESULTSQ&A
CALCULATORRESULTSQ&A
Contribution Years
Initial Investment
Contribution Frequency
Monthly
- Monthly
- Quarterly
- Semi-annually
- Annually
Monthly Contribution
Make Contributions at Each Period's
Annual Rate of Return
Results
Your balance will be
$28,076 in 5 years.
Initial Investment
$20,000
Total Contribution
$6,000
Total Interest
$2,076
Ending Balance
$28,076
Months
Balance
Cumulative Interest
| Month | Beginning Balance | Contribution | Interest | Ending Balance |
|---|---|---|---|---|
| 1 | $20,000 | $100 | $29 | $20,129 |
| 2 | $20,129 | $100 | $29 | $20,258 |
| 3 | $20,258 | $100 | $29 | $20,387 |
| 4 | $20,387 | $100 | $29 | $20,517 |
| 5 | $20,517 | $100 | $30 | $20,647 |
| 6 | $20,647 | $100 | $30 | $20,776 |
| 7 | $20,776 | $100 | $30 | $20,906 |
| 8 | $20,906 | $100 | $30 | $21,037 |
| 9 | $21,037 | $100 | $30 | $21,167 |
| 10 | $21,167 | $100 | $31 | $21,298 |
| 11 | $21,298 | $100 | $31 | $21,429 |
| 12 | $21,429 | $100 | $31 | $21,560 |
| 13 | $21,560 | $100 | $31 | $21,691 |
| 14 | $21,691 | $100 | $31 | $21,822 |
| 15 | $21,822 | $100 | $32 | $21,954 |
| 16 | $21,954 | $100 | $32 | $22,086 |
| 17 | $22,086 | $100 | $32 | $22,217 |
| 18 | $22,217 | $100 | $32 | $22,350 |
| 19 | $22,350 | $100 | $32 | $22,482 |
| 20 | $22,482 | $100 | $33 | $22,614 |
| 21 | $22,614 | $100 | $33 | $22,747 |
| 22 | $22,747 | $100 | $33 | $22,880 |
| 23 | $22,880 | $100 | $33 | $23,013 |
| 24 | $23,013 | $100 | $33 | $23,146 |
| 25 | $23,146 | $100 | $33 | $23,280 |
| 26 | $23,280 | $100 | $34 | $23,414 |
| 27 | $23,414 | $100 | $34 | $23,548 |
| 28 | $23,548 | $100 | $34 | $23,682 |
| 29 | $23,682 | $100 | $34 | $23,816 |
| 30 | $23,816 | $100 | $34 | $23,950 |
| 31 | $23,950 | $100 | $35 | $24,085 |
| 32 | $24,085 | $100 | $35 | $24,220 |
| 33 | $24,220 | $100 | $35 | $24,355 |
| 34 | $24,355 | $100 | $35 | $24,490 |
| 35 | $24,490 | $100 | $35 | $24,626 |
| 36 | $24,626 | $100 | $36 | $24,761 |
| 37 | $24,761 | $100 | $36 | $24,897 |
| 38 | $24,897 | $100 | $36 | $25,033 |
| 39 | $25,033 | $100 | $36 | $25,169 |
| 40 | $25,169 | $100 | $36 | $25,306 |
| 41 | $25,306 | $100 | $37 | $25,442 |
| 42 | $25,442 | $100 | $37 | $25,579 |
| 43 | $25,579 | $100 | $37 | $25,716 |
| 44 | $25,716 | $100 | $37 | $25,853 |
| 45 | $25,853 | $100 | $37 | $25,991 |
| 46 | $25,991 | $100 | $38 | $26,128 |
| 47 | $26,128 | $100 | $38 | $26,266 |
| 48 | $26,266 | $100 | $38 | $26,404 |
| 49 | $26,404 | $100 | $38 | $26,542 |
| 50 | $26,542 | $100 | $38 | $26,681 |
| 51 | $26,681 | $100 | $39 | $26,819 |
| 52 | $26,819 | $100 | $39 | $26,958 |
| 53 | $26,958 | $100 | $39 | $27,097 |
| 54 | $27,097 | $100 | $39 | $27,236 |
| 55 | $27,236 | $100 | $39 | $27,376 |
| 56 | $27,376 | $100 | $40 | $27,515 |
| 57 | $27,515 | $100 | $40 | $27,655 |
| 58 | $27,655 | $100 | $40 | $27,795 |
| 59 | $27,795 | $100 | $40 | $27,935 |
| 60 | $27,935 | $100 | $40 | $28,076 |
See how your interest and principal change over time
Tips
Earn $181 more in interest
by adding $2,000 to your initial investment.With 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 the short-term affordability. But if you can comfortably afford to have a higher investment, without jeopardizing other savings and your emergency fund, your wallet will ultimately thank you.
| Original Initial Investment | Increased Initial Investment | |
|---|---|---|
| Initial Investment | $20,000 | $22,000 |
| Monthly Contribution | $100 | $100 |
| Total Contribution | $6,000 | $6,000 |
| Total Interest | $2,076 | $2,257 |
| Ending Balance | $28,076 | $30,257 |
| Interest Gain | - | $181 |
| Ending Balance Gain | - | $2,181 |
Tips
Earn $26 more in interest
by adding $10 more to your monthly contribution.The more you contribute to your annuity plan, the faster interest will grow and higher will be your ending balance.
| Original Contribution | Increased Contribution | |
|---|---|---|
| Initial Investment | $20,000 | $20,000 |
| Monthly Contribution | $100 | $110 |
| Total Contribution | $6,000 | $6,600 |
| Total Interest | $2,076 | $2,102 |
| Ending Balance | $28,076 | $28,702 |
| Interest Gain | - | $26 |
| Ending Balance Gain | - | $626 |
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