Annuity Calculator

Model regular yearly deposits into an annuity or investment and see the balance year by year.

Starting balance	$10,000
Yearly deposit	$5,000
Yearly return	6 %
Years	20 years
Deposits at the	End of year

Starting balance

Yearly deposit

Yearly return

Years

years

Deposits at the

Balance at the end

$215,999

$110,000 paid in grows by $105,999 over 20 years.

Balance over time

Year 20Balance $215,999Paid in $110,000Point at the chart, or Tab to it and use ← →

BalancePaid in

Year-by-year balance

Year	Paid in	Growth	Balance
1	$15,000	$600	$15,600
2	$20,000	$1,536	$21,536
3	$25,000	$2,828	$27,828
4	$30,000	$4,498	$34,498
5	$35,000	$6,568	$41,568
6	$40,000	$9,062	$49,062
7	$45,000	$12,005	$57,005
8	$50,000	$15,426	$65,426
9	$55,000	$19,351	$74,351
10	$60,000	$23,812	$83,812
11	$65,000	$28,841	$93,841
12	$70,000	$34,472	$104,472
13	$75,000	$40,740	$115,740
14	$80,000	$47,684	$127,684
15	$85,000	$55,345	$140,345
16	$90,000	$63,766	$153,766
17	$95,000	$72,992	$167,992
18	$100,000	$83,072	$183,072
19	$105,000	$94,056	$199,056
20	$110,000	$105,999	$215,999

About the Annuity Calculator

Enter a starting balance, the amount you'll deposit each year, the expected yearly return and the number of years, and choose whether deposits are made at the start or end of each year. The calculator shows the final balance, a chart and a year-by-year table.

In the accumulation phase of an annuity you pay in regularly and the balance grows. Deposits at the start of each year (annuity due) earn one more year of growth than deposits at the end (ordinary annuity).

The formula

FV = P(1 + r)ⁿ + D × ((1 + r)ⁿ − 1) ÷ r

P: starting balance
D: yearly deposit
r: yearly return as a decimal
n: number of years

Worked example

10,000 to start, 5,000 a year at 6% for 20 years

Paid in: 10,000 + 20 × 5,000 = 110,000
Deposits at the end of each year: about 215,999
Deposits at the start of each year: about 227,035, 11,036 more

Things to keep in mind

Assumes the same return every year and no fees or tax.
Models saving up, not the income an annuity pays out afterwards.

Questions people ask

How do I turn the balance into income?

Use the annuity payout calculator.

Are annuity products the same?

Insurance annuities add fees and guarantees; this models the maths only.

Ordinary annuity or annuity due?

Ordinary: payments at the end of each period, like most loans. Due: at the start, like rent or many savings plans.