Plan Smarter with the Annuity Calculator
Plan Smarter with the Annuity Calculator
The annuity calculator is your simple, reliable tool for planning your financial future. Whether you're building wealth or preparing for retirement income, this tool helps you understand how your savings behave over time. Choose your phase—growth or withdrawal—enter your details, and see how your money works for you.
Examples
Accumulation Example
Input: Investing $10,000 initially, plus $500 monthly for 20 years with a 5% annual return.
Output: Future Value: $318,345.54
This estimate shows how your contributions and interest can compound over time.
Annuitization Example
Input: Starting with $500,000 and withdrawing monthly for 25 years with a 4% annual growth.
Output: Monthly Withdrawal: $2,639.26
This demonstrates the steady monthly income you could receive from your retirement savings.
Frequently Asked Questions
What is an annuity?
An annuity is a contract where you invest a sum of money and receive regular payments in return, typically used for retirement income.
How does an ordinary annuity differ from an annuity due?
An ordinary annuity pays at the end of each period, while an annuity due pays at the beginning. Our calculator allows you to choose either type.
What is the accumulation phase in an annuity?
The accumulation phase is when you're contributing funds to grow your annuity over time through regular investments or lump sums.
What happens in the annuitization phase?
In the annuitization phase, you stop contributing and begin receiving regular payouts from your annuity, usually during retirement.