Future Value Calculator
Enter what you have now, what you add each month, the interest rate and the number of years.
Result
- Total you put in
- 34,000.00
- Interest earned
- 16,969.84
| Year | Total put in | Interest | Balance |
|---|---|---|---|
| 1 | 12,400.00 | 683.89 | 13,083.89 |
| 2 | 14,800.00 | 1,557.99 | 16,357.99 |
| 3 | 17,200.00 | 2,634.03 | 19,834.03 |
| 4 | 19,600.00 | 3,924.46 | 23,524.46 |
| 5 | 22,000.00 | 5,442.51 | 27,442.51 |
| 6 | 24,400.00 | 7,202.21 | 31,602.21 |
| 7 | 26,800.00 | 9,218.48 | 36,018.48 |
| 8 | 29,200.00 | 11,507.14 | 40,707.14 |
| 9 | 31,600.00 | 14,084.97 | 45,684.97 |
| 10 | 34,000.00 | 16,969.84 | 50,969.84 |
How to use Future Value Calculator
- Enter the starting amount and the amount you will add each month. Use 0 if you add nothing.
- Enter the annual interest rate and the number of years.
- Choose how often interest is compounded: annually, quarterly, monthly, daily or continuously.
- Read the future value, the total you put in and the interest earned. The table shows each year.
About this tool
Future value is what money is worth at a later date if it earns interest. A starting amount grows because interest is added to it, and then that interest earns interest of its own. Regular deposits make the balance grow faster, since each one starts earning from the day it is added.
This calculator adds deposits at the end of every month. The rate you enter is a yearly rate, and the compounding choice sets how often interest is added within the year. More frequent compounding gives a slightly higher result at the same rate, though the difference between monthly and daily compounding is small.
The result is a projection from fixed inputs. A real savings account or investment will not earn exactly the same rate every year, and fees and tax are not included.
How it is calculated
For a lump sum, future value = starting amount × (1 + r)^n, where r is the rate per period and n is the number of periods.
For regular deposits the calculator applies the monthly rate to the balance and adds each deposit month by month, which gives the same result as the annuity formula.
Worked examples
- Start with 10,000, add 200 a month for 10 years at 6% compounded monthly: the future value is 50,969.84. You put in 34,000.00 and earned 16,969.84 in interest.
- A single 1,000 at 5% compounded yearly for 10 years grows to 1,628.89.
Tips for better results
- Try the same numbers with a 1% lower rate to see how sensitive the result is to the return you assume.
- Time matters as much as the rate. Try the same deposits over a few different numbers of years.
- Use the TVM Calculator if you need to solve for the payment or the time instead of the result.
Frequently asked questions
What is future value?
It is the value that a sum of money, and any regular deposits, will have at a later date if it earns a given interest rate.
Does compounding frequency matter?
A little. More frequent compounding gives a slightly higher balance at the same stated rate.
Are deposits added at the start or end of the month?
At the end of each month. Deposits at the start would give a slightly higher result.
Does it include inflation or tax?
No. The result is in the same money as your inputs, before tax and fees.
Are my numbers saved or sent anywhere?
No. The calculation runs in your browser on your own device. Nothing you type is sent to Paul Digital or any other server.
Related tools
- Compound Interest Calculator
- TVM Calculator (Time Value of Money)
- ROI Calculator (Return on Investment)
- Loan Calculator
- All web tools
Privacy
The calculation runs in your browser on your own device. The numbers you type are not sent to Paul Digital or any other server. Results are estimates from the numbers you enter and are not financial, tax or legal advice.