Annuity calculator (regular payments)
Equal payments, a rate and a fixed length: see the amount built up at the end (future value) and what the whole series is worth today (present value).
Result
65,660.40Future value (amount at the end)
- Present value (today)
- 36,062.18
- Total of payments
- 48,000.00
- Number of payments
- 240
Inputs
- Payment each period
- 200
- Amount already invested (optional)
- 0
- Rate per year
- 3
- Length
- 20
- Payment rhythm
- Every month
- Payments made at the
- End of each period
How it is calculated
i = rate ÷ payments per year; n = years × payments per year.
Result
Future value (amount at the end)
- Present value (today)
- 36,062.18
- Total of payments
- 48,000.00
- Number of payments
- 240
How it is calculated
- i = rate ÷ payments per year; n = years × payments per year.
- FV = P × ((1 + i)^n − 1) ÷ i (× (1 + i) for payments at the start), plus amount × (1 + i)^n.
- PV = FV ÷ (1 + i)^n.
Example
200 at the end of each month for 20 years at 3%: 65,660.40 at the end, worth 36,062.18 today, for 48,000 paid in.
Good to know
- Annuity certain: a fixed number of payments. It is not a life annuity, which depends on lifespan and an insurer’s tables.
- Constant rate, no tax or fees.
Frequently asked questions
What is this tool used for?
Equal payments, a rate and a fixed length: see the amount built up at the end (future value) and what the whole series is worth today (present value).
How is the result calculated?
i = rate ÷ payments per year; n = years × payments per year.
What should I check before using the result?
Annuity certain: a fixed number of payments. It is not a life annuity, which depends on lifespan and an insurer’s tables.