Variable Annuity without Surrender Charges
How can a variable annuity help you save for retirement? Use this calculator to find out.
How the variable annuity without surrender charges calculator works
It grows your premium net of annual fees to the year you withdraw, then applies the surrender charge for exiting early — showing how much an early withdrawal costs versus a contract with no surrender charge.
Worked example: with initial premium of $100,000, annual return (before fees) of 7.00% and annual fees (m&e + fund) of 2.00%, the variable annuity without surrender charges calculator shows value after surrender charge of $114,258.
- Account value
- $121,551
- Surrender charge
- $7,293
- You receive
- $114,258
- Lost to annual fees
- $9,529
The formula
Account value = premium × (1 + return − fees)^years. Surrender charge = account value × surrender %. You receive value − charge.
Results are estimates for educational purposes and are not financial advice. Confirm exact figures with your lender, plan administrator or advisor.
Questions about the variable annuity without surrender charges
What is a surrender charge?
A penalty for withdrawing from an annuity during its early years, often starting around 7% and declining annually. It is on top of ordinary fees and any tax penalties.
How long do surrender charges last?
Commonly 6–8 years, declining each year until they disappear. The calculator shows what exiting before then costs on your balance.
Are no-surrender annuities worth it?
If you may need access to the money, yes — a contract without surrender charges preserves flexibility. If you are certain to hold long term, a contract with charges may offer other benefits.
Is the Variable Annuity without Surrender Charges free to use?
Yes. Every calculator on FinCalculators is completely free, with no sign-up, login or paywall. You can run as many scenarios as you like.