Future Value of Growing Annuity Calculators – Ordinary Growing Annuity and Growing Annuity Due
The future value of a growing annuity is the amount of money you end up with after a series of increasing payments, where each payment is increasing at a specified growth rate (i.e. each payment is 5% larger than the last payment). It is useful in financial applications, such as retirement planning, as it allows you to quickly determine the amount of money you will end up with at some date in the future, given a steady interest rate and periodic payments that are increasing at a steady growth rate. There are two types of growing annuities, ordinary growing annuities, where payments are made at the end of the period, and growing 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.