This calculator can help you figure out the future value of a retirement account, as well as three possible annuities that could be funded using this money. Specifically, this calculator takes into consideration a fund's current balance, annual payments, and the duration over which payments will be placed into this fund. The resulting future value of this fund is then converted into three annuity terms: 20, 25, and 30 years.
The variables used in our online calculator are defined in detail below, including how to interpret the results.
This is the starting balance, or principal, of the fund you're going to invest into an annuity at a future point in time.
This is the amount of money you're willing to place into this account each year in order to create an estate large enough to subsequently fund an annuity.
This is the number of years over which the money will be placed into the retirement fund.
This is the interest rate earned per period. This calculator uses an annual interest rate to derive the future value of the retirement fund.
This is the future value of the fund, stated in nominal, or today's dollar terms. This is the starting point of the annuity, which will be funded using this retirement account.
These are the three annual payments the investor can expect to receive from the annuity. This tool provides a calculation of three annuities of various terms including 20, 25, and 30 years.
Future Value Annuity Calculator - Copyright © 2008 - 2015 Money-Zine.com (Last Reviewed on January 25, 2015)
Disclaimer: These online calculators are made available and meant to be used as a screening tool for the investor. The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances. You should always obtain personal advice from qualified professionals.