Future Value Calculator
Calculate how much your savings will grow over time with compound interest and regular contributions.
Result
- Initial Deposit
- $0.00
- Monthly Contribution
- $0.00
- Annual Rate
- -
- Time Period
- -
- Total Deposits
- $0.00
- Total Interest Earned
- $0.00
- Future Value
- $0.00
Formula & Guide
Formula
FV
Lump Sum FV
FV = PV(1 + r/n)^(nt)
Future value of initial deposit
FV
Annuity FV
FV = PMT × [(1+r)^n - 1] / r
Future value of regular deposits
Formula Variables
PV
Present Value
Initial deposit amount
PMT
Payment
Regular contribution
r
Rate
Interest rate per period
n
Periods
Number of compounding periods
Step-by-Step Scenario
Example: Retirement Savings
Initial Deposit
$10,000
Monthly Contribution
$500
Interest Rate
7% annually
Time Period
20 years
1
Calculate FV of Initial Deposit
- FV = $10,000 × (1 + 0.07/12)^(12×20)
- FV = $10,000 × (1.005833)^240 = $40,387
2
Calculate FV of Monthly Deposits
- FV = $500 × [(1.005833)^240 - 1] / 0.005833
- FV = $260,464
3
Calculate Total Future Value
- Total FV = $40,387 + $260,464 = $300,851
Additional Examples
Conservative Saver
Initial: $5,000
Monthly: $300
Rate: 5%
Time: 30 years
Future Value
$273,872
Aggressive Investor
Initial: $20,000
Monthly: $1,000
Rate: 10%
Time: 25 years
Future Value
$1,540,293
Characteristics of Future Value
Power of Time
Starting 10 years earlier can double your final balance due to compound interest.
Consistency Wins
Regular contributions matter more than timing the market. Steady investing builds wealth.
Rate Impact
A 2% higher return can mean 50%+ more over 30 years. Small rate differences compound significantly.
Start Early
The best time to start investing was yesterday. The second best is today. Time is your greatest asset.
Important Notes
- This shows nominal value; inflation reduces purchasing power over time.
- Past returns don't guarantee future results.
- Tax implications vary; consider tax-advantaged accounts.
- Diversification helps manage risk.
Frequently Asked Questions
Common questions about future value.