MasterTool

Annuity Calculator

Calculate annuity from your own entered figures.

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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.

What this tool does

Calculate annuity from your own entered figures. Payments are annual and level, and the rate is fixed; this is fixed-annuity math, not an insurer quote.

How to use the Annuity Calculator

  1. Enter or select payment per year.
  2. Enter or select annual rate (%).
  3. Enter or select number of annual payments.
  4. Enter or select payment timing.
  5. Read the calculated result; change any measurement to compare alternatives.

Formula

ordinary annuity: PV = payment × (1 − (1+r)^−n)/r and FV = payment × ((1+r)^n − 1)/r; annuity due multiplies both by (1+r)
payment
Payment per year
rate
Annual rate (%)
years
Number of annual payments
timing
Payment timing

Payments are annual and level, and the rate is fixed; this is fixed-annuity math, not an insurer quote.

Worked example

For annuity calculator, the following measurements illustrate the exact method: Payment per year: 1000; Annual rate (%): 5; Number of annual payments: 10; Payment timing: ordinary.

Inputs

  • Payment per year1000
  • Annual rate (%)5
  • Number of annual payments10
  • Payment timingOrdinary annuity (end of period)

Result

  • Present value of the annuity$7,721.73
  • Future value of the annuity$12,577.89
  • Total payments made$10,000.00

Results explained

Present value of the annuity
Present value of the annuity from the formula above. Payments are annual and level, and the rate is fixed; this is fixed-annuity math, not an insurer quote.
Future value of the annuity
Future value of the annuity from the formula above. Payments are annual and level, and the rate is fixed; this is fixed-annuity math, not an insurer quote.
Total payments made
Total payments made from the formula above. Payments are annual and level, and the rate is fixed; this is fixed-annuity math, not an insurer quote.

Frequently asked questions

ordinary annuity: PV = payment × (1 − (1+r)^−n)/r and FV = payment × ((1+r)^n − 1)/r; annuity due multiplies both by (1+r)

Payments are annual and level, and the rate is fixed; this is fixed-annuity math, not an insurer quote.

No. All numbers are entered by you or come from the dated reference table shown on this page; calculations run locally.

This is an estimate, not financial, tax or legal advice. Verify the inputs and output with official sources and a qualified professional.

Check period consistency, currency, percentage inputs and the assumptions: Payments are annual and level, and the rate is fixed; this is fixed-annuity math, not an insurer quote.