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Variable Annuity Calculator

Enter the annuity and the alternative

$
$

Added at the start of each year.

yrs
yrs

You cash out the whole value at this age.

%

The same investment return is used for both accounts.

Annuity charges per year
%
%
%
%

Charged here on the account value.

Percent of the value charged if you cash out in contract year 1, 2, 3 and so on, separated by commas. Leave blank if there is none.

Low-cost taxable account
%
%

Dividends and fund distributions, taxed each year.

%

Ordinary income rate, federal plus state.

%

Applied to the taxable account's gain when sold.

More options
%

Mostly qualified dividends are taxed at capital gains rates; use your ordinary rate for interest-heavy funds.

Your results

Annuity after tax at withdrawal

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Taxable account after tax

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Annuity minus taxable account

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Annuity value before tax

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Total annuity charges
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Annuity fees paid
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Surrender charge at withdrawal
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Tax on annuity earnings
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Taxable account before final tax
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Taxable account fund fees
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Taxable account taxes, yearly and final
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Total deposited
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A steady return is assumed every year; real returns vary, and rider guarantees can have value this comparison does not measure. The annuity is cashed out as one lump sum.

Year-by-year comparison

Values at the end of each year, and what you would keep after surrender charges and tax if you cashed out then.

YearAgeAnnuity valueFees to dateAnnuity after taxTaxable accountTaxable after tax

Results are estimates for educational purposes and are not financial, tax or legal advice.

Estimate what a variable annuity is worth after its yearly charges, surrender charges and tax, compared with the same money in a low-cost taxable account. Pair this with the annuity calculator for a fuller picture before you make a decision.