Future Value of Growing Annuity Calculator - Escalating Payment Projections
Calculate the future value when periodic payments grow at a constant rate. Perfect for salary-based savings plans, escalating contributions, and growing investment strategies.
Future Value of Growing Annuity
Calculate the final value of a series of payments that increase at a constant growth rate.
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Projected Future Value
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Final balance after compound growth and increasing payments.
Total Contributions—
Total Interest—
Final Payment—
Annual Payment & Growth Schedule
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How to Use Future Value of Growing Annuity Calculator - Escalating Payment Projections in 3 Easy Steps
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Step 1
Enter the first (initial) payment amount.
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Step 2
Set the annual interest rate and payment growth rate.
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Step 3
Enter the number of periods and adjust compounding as needed.
Frequently Asked Questions
A growing annuity is a series of periodic payments where each payment increases by a fixed growth rate (g) from the previous payment.
When g = r, the standard formula has division by zero. We use the special case: FV = PMT × n × (1+r)^(n-1) instead.
Yes. Most people increase savings over time with salary raises, making growing annuity a more accurate model for retirement projections.
Yes. The formula handles g > r correctly. In this case, later larger payments dominate the accumulation pattern.
Ordinary FVA assumes each payment is identical. Growing annuity FV reflects escalating payments, which typically produces a significantly higher result.