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How it works
Formula & explanation
Annuity Calculator uses the following calculation:
FV = P(1+i)n + PMT × [ (1+i)n−1 ] / i
This is a simplified model intended for planning and education. Real-world offers from lenders, institutions, or tax authorities may include additional fees, rules, or adjustments not reflected here.
FAQ
Frequently asked questions
What's the difference between accumulation and payout phases?
During accumulation your balance grows with contributions and interest; during payout (annuitization) it converts to a stream of regular payments.
Are annuity earnings tax-deferred?
In many cases yes, with taxes owed only when funds are withdrawn — consult a tax advisor for specifics on your contract type.
What fees should I watch for?
Riders, surrender charges, and mortality & expense fees can meaningfully reduce net returns on annuity products.
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