Future Value Calculator
Future value is what money you have now, plus regular deposits, will be worth later at a set rate of return. Change the amount, the deposit, the rate or the years and the total follows.
- Free
- Works offline after your first visit
- Saves on this device
- No sign-up
- Updated
How it works
The starting amount grows by the monthly rate, compounded each month. Each monthly deposit also grows for the months it stays in. The future value is the two added together.
This assumes the rate stays the same, each deposit is made at the end of the month, and no fees or taxes are taken out.
Worked example
Starting with $10,000.00 and adding $300.00 each month at 6% for 20 years, the balance grows to $171,714.31. Of that, $89,714.31 is growth on top of the money you put in.
Questions
Does the rate stay the same?
No. A savings rate can change, and investment returns go up and down. Use a rate you expect, then try a few others to see the range.
Why do the early years matter most?
Money that goes in early has more years to compound, so the same deposit made early is worth more later than one made late.
Does this count inflation?
No. The result is in future money. Inflation makes each unit of money buy less, so the buying power of the result is smaller.
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