Annuity Value: 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*.

*CD's are issued by the Federal Deposit Insurance Corporation (FDIC) for up to $250.00 per depositor. Fixed Annuities are issued by insurance companies and are not insured by the U.S. Government. They are backed by the financial strength of the issuing company.

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 (%)help
Marginal tax bracket during deposit(s) (%)help
Marginal tax bracket at withdrawal (%)help
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 (%) 
Consult

The results and explanations generated by this calculator may vary due to user input and assumptions. New York Life Insurance Company does not guarantee the accuracy of the calculators, results, explanations, nor applicability to your specific situation. We recommend that you use this calculator as a guideline only and you ultimately seek the guidance of an experienced professional.

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