Future Value Annuity Calculator: See Your Savings Grow

What Is It and Why Should You Care?

The future value annuity calculator shows what steady payments can grow to with compound interest. You set how much you pay, how often you pay, and how interest compounds. You also choose whether payments happen at the end or the start of each period. The results include future value, total contributions, interest earned, and effective annual rate. The example uses monthly settings for easy comparison.

How the Future Value Annuity Calculator Works

Step 1: Enter Your Regular Payment

Type the dollar amount you plan to pay each period. Use a value greater than zero. Match this amount to the payment frequency you will select.

Step 2: Input the Annual Interest Rate

Enter the yearly interest rate as a percentage. Use a rate of zero or more. The calculator converts this rate based on the compounding setting you choose.

Step 3: Set the Number of Years

Enter how long you will make payments. Years can include decimals for partial years. Longer periods lead to more compounding.

Step 4: Choose Your Payment Frequency

Select how often you pay, such as daily or monthly or annually. This sets the number of payments each year. Pick the schedule that matches how you save or invest.

Step 5: Choose Your Compounding Frequency

Select how often interest compounds. Compounding can differ from payment timing. The tool converts your annual rate to an effective annual rate and a rate per payment period.

Step 6: Set Payment Timing

Choose end of period for an ordinary annuity. Choose beginning of period for an annuity due. Payments at the beginning usually produce a higher future value.

Step 7: Calculate and Review Results

Select calculate to see the results. Use clear to reset the inputs and start fresh. Check each output described below before you adjust your plan.

What Are the Benefits?

This future value annuity calculator helps you plan clear savings goals. You test payment sizes, interest rates, and timelines. You also compare monthly, weekly, and other schedules with ease. You can switch payment timing to see the difference it makes.

• Future Value: The projected amount at the end of the period chosen.
• Total Contributions: The sum of all your payments over the full period.
• Total Interest Earned: Future value minus total contributions, which shows your growth.
• Effective Annual Rate: The annual rate after compounding, often called EAR.

Use these notes for clear inputs and sound comparisons.

• Payments stay equal for the full period set.
• The interest rate stays the same for the full period set.
• Payment frequency can differ from compounding frequency.
• Fees, taxes, and inflation are not part of the calculations.
• Payment and years must be greater than zero for a valid result.
• A rate of zero still works, the growth will match your contributions.

Step-by-Step Example

Here is a simple example with common settings. Pay $500 each month at a 5 percent annual rate for 10 years. Use monthly compounding and payments at the end of each month.

• Future Value: $77,641.14
• Total Contributions: $60,000.00
• Interest Earned: $17,641.14

This example lines up with the monthly settings for quick checks. Switch payment timing to beginning to see how the total grows.

Ready to Grow Your Savings?

Try the future value annuity calculator with your own numbers. Test higher payments, then test shorter timelines. Compare monthly compounding with quarterly compounding. Pair this tool with a present value calculator when you want to set a target. You can also try a loan payment calculator or a compound interest calculator for related planning. Keep inputs clear and consistent, and you will get clean results.