This tool calculates the future value of an annuity, helping investors and individuals plan for retirement by projecting investment growth over time. It is designed for anyone considering an annuity as part of their long-term financial strategy, from those with a lump sum to invest to those making regular contributions.

Future Value Calculation uses the formula FV = PV (1 + R)ⁿ to determine the ending balance based on your starting principal, interest rate, and investment period. Detailed Amortization Schedules provide both annual and monthly breakdowns, showing the beginning balance, interest earned, principal added, and ending balance for each period. Flexible Contribution Planning allows you to model both annual and monthly additions to your initial investment, with the option to specify if contributions are made at the beginning or end of each period. Visual and Tabular Results present the calculated growth through clear graphs and data tables, making it easy to understand the split between total principal invested and total interest earned over the term.