Annuity Calculator
Calculate the future or present value of an annuity and its periodic payments.
Future Value
Present Value
Total of Payments
Total Interest
What Is an Annuity?
An annuity is a series of equal payments made at regular intervals, such as monthly retirement contributions or loan repayments. This calculator determines both the future value (how much the stream of payments will be worth at the end) and the present value (how much that stream is worth today) of an annuity.
Ordinary Annuity vs. Annuity Due
In an ordinary annuity, payments are made at the end of each period (typical of bonds and most loans). In an annuity due, payments are made at the beginning of each period (typical of rent and insurance premiums). Because payments in an annuity due are invested one period earlier, both its future value and present value are higher by a factor of (1 + r).
Future Value vs. Present Value
The future value (FV) tells you how much your stream of payments will grow to by the end of the term, assuming each payment earns interest. The present value (PV) tells you the lump sum that, invested today, would be equivalent to receiving all the future payments. FV is useful for savings goals, while PV is useful for valuing pensions, loans, or settlement offers.
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Disclaimer: This calculator provides estimates for educational purposes only. Results do not account for taxes, fees, inflation, or market fluctuations. Actual returns may vary. Consult with a qualified financial advisor before making financial decisions.