Future Value Calculators – Ordinary Annuity and Annuity Due
The future value of an annuity is the amount of money you end up with after a series of level payments, given a specified interest rate, at a specified date in the future. It is useful in financial applications, such as retirement planning, as it allows you to quickly determine how much money you need to invest each period to reach your retirement (or other savings) goal. Over long periods, it can also be used to approximate the value of an investment portfolio, provided level payments are maintained. There are two types of annuities, ordinary annuities, where payments are made at the end of the period, and annuities due, where payments are made at the start of the period. Using the calculators below, you can solve for any of the variables in either formula, and see how your savings accumulate each period in the chart at the bottom of the page.