What is the future value of an annuity?
The compounded value of a series of equal payments at a constant rate.
Project how regular payments grow when invested at a constant periodic rate.
Ordinary annuity pays at period end; annuity due (beginning) multiplies by (1+r).
How to use Future Value of Annuity Calculator, plus the formulas and logic behind the results.
The future value of an annuity compounds each payment to the horizon. Annuity-due payments earn one extra period of interest versus ordinary annuities.
Ordinary FV = PMT × ((1+r)^n − 1) ÷ rAnnuity due FV = Ordinary FV × (1+r)If r = 0: FV = PMT × nAnnuity tips
Rate percent is converted to a decimal per period. Ordinary FV uses the standard geometric series formula; beginning timing multiplies by (1+r). Zero rate uses a simple sum.
Keep rate and n on the same period basis (e.g. monthly rate with monthly payments).
Common questions about the calculation and how to interpret the estimate.
The compounded value of a series of equal payments at a constant rate.
Ordinary pays at period end; due pays at the beginning and earns extra interest.
Future value equals payment times number of periods.
Convert the annual rate to a monthly rate and set n in months.
No—only the payment stream. Add a separate FV of a lump sum if needed.
No. Results are pre-tax educational estimates.