What is the future value of an annuity?

Unlike a taxable account, a fixed annuity enjoys the benefits of tax deferral. In addition, many annuity companies offer a higher first year bonus rate. To be able to offer these higher rates companies typically require you to keep the funds invested for a period of time or suffer a surrender penalty for early withdrawal. Use this calculator to help determine your annuity value in a given year and compare it to a taxable savings account like a CD.

Savings and Assumptions
Initial balance or deposit ($)
Annual savings amount ($)
Annual increase in contributions
Number of years for the analysis
Before tax return on taxable account: (%)
Marginal tax bracket during deposit(s): (%)
Marginal tax bracket at withdrawal: (%)
Annuity Information
Initial rate
Number of years initial rate is guaranteed
Subsequent expected interest rate
Minimum guaranteed interest rate
Surrender Charges (if applicable)
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10