This annuity calculator calculates the future value (or annuity value) of a set of payments made at the end of each term based on an annual contribution amount and annual interest rate.
One sample use of this calculator is to determine how much you’ll have at the end of 25 years if you contribute $5000 at the end of every year for 25 years and it earns an annual interest rate of 8%.
Annual Contribution is the amount in dollars (and cents) that you plan to contribute each year, at the end of the year. Example: If you plan to contribute $5000 per year, then type, 5000. Do not include the dollar sign.
Annual interest rate is the rate of interest per year that you estimate to make or earn. Example: If you expect an 8% rate of return, then type, 8. If you expect a 5.5% rate of return, type 5.5. I’ve only allowed up to 2 decimals.
Years of Compounding is the number of years you expect to contribute and is equal to the number of payments you plan to make. Example: If you plan to contribute for 25 years, then type, 25.