Annuity Calculator
Calculate annuity payments, present value, and future value for your financial planning. Make informed decisions about your retirement and investment strategies.
Note: Enter your financial data in the form below. Select the calculation type based on what you want to determine. All values should be in the same currency unit (e.g., USD, EUR, etc.).
About Annuity Calculations
What is an Annuity?
An annuity is a series of equal payments or receipts that occur at evenly spaced intervals. Annuities are often used to pay for large expenses or to provide income during retirement.
Types of Annuities
- Ordinary Annuity (Annuity in Arrears): Payments occur at the end of each period.
- Annuity Due: Payments occur at the beginning of each period.
Key Concepts
- Present Value (PV): The current worth of a future sum of money or stream of cash flows given a specified rate of return.
- Future Value (FV): The value of an asset or cash at a specified date in the future based on an assumed growth rate.
- Payment (PMT): The amount paid at each payment period.
- Interest Rate: The rate at which the invested money grows.
- Number of Periods: The total count of payment periods.
Common Uses for Annuity Calculations
- Retirement planning
- Loan payments
- Mortgage calculations
- Investment analysis
- Insurance premium calculations
- Savings goals planning