Financial Calculators

Variable Annuity Calculator

Contributing to a Variable Annuity creates long term tax deferred growth. Use this calculator to see how a Variable Annuity might fit into your retirement plan.

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Definitions

Variable Annuity:A variable annuity is an investment product designed to provide long term, tax deferred savings. You do not receive a tax deduction on the money you deposit, however you pay no taxes on any interest earned until you begin making withdrawals. Unlike IRAs (both Roth and Traditional IRAs) there are no annual contribution limits or income limits. A Variable Annuity is also a good option if you have already contributed the maximum amount of $2000 to your IRA and wish to increase your tax deferred savings. This calculator assumes that you make your contribution at the beginning of each year.
Current age:Your current age
Age of retirement:Age you wish to retire. This calculator assumes that the year you retire you do not make any contributions to your annuity. So if you retire at age 65, your last contribution happened when you were actually 64.
Annual contribution:The amount you will contribute to your regular ANNUITY each year.
Expected rate of return:The annual percent you expect to earn on your investment.
Current tax rate:Your current marginal tax rate you expect to pay on your taxable investments.
Retirement tax rate:The marginal tax rate you expect to pay on your investments at retirement.
Years until retirement:Number of years before retirement.
Annuity total before taxes:Total value of your variable annuity at retirement before taxes.
Annuity total after taxes:Total value of your variable annuity at retirement after taxes are paid.
Total taxable account:Total value of your savings, at retirement, if the your annual contribution is deposited into a taxable account.


information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.