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Future Value Calculator

Growth assumptions

Investment inputs

PMT made at the
of each compound period
Compounding modelPV growth + recurring PMT

Projected future value

$3,108.93after 10 compound periods
Total contributed$2,000.00
Interest earned$1,108.93

Balance composition

Principal versus compound growth
35.7% interest
Starting amount
$1,000.0032.2%
Periodic deposits
$1,000.0032.2%
Compound interest
$1,108.9335.7%

Growth chart

Accumulated value at each period
Starting amountPeriodic depositsCompound interest

Compound schedule

Interest before deposit
10 periods
PeriodStart balanceDepositInterestEnd balance
1$1,000.00$100.00$60.00$1,160.00
2$1,160.00$100.00$69.60$1,329.60
3$1,329.60$100.00$79.78$1,509.38
4$1,509.38$100.00$90.56$1,699.94
5$1,699.94$100.00$102.00$1,901.93
6$1,901.93$100.00$114.12$2,116.05
7$2,116.05$100.00$126.96$2,343.01
8$2,343.01$100.00$140.58$2,583.59
9$2,583.59$100.00$155.02$2,838.61
10$2,838.61$100.00$170.32$3,108.93

Future Value vs. Time Value of Money

Future Value (FV) and the Time Value of Money (TVM) are complementary concepts that explain how money grows over time, forming the foundation of any Future Value Calculator.

FV

What is Future Value?

Future Value (FV) represents the projected future worth of a current asset or sum of money over a specified time horizon at an assumed growth rate—a core financial figure easily computed using a future value calculator.

  • Example: Depositing $1,000 into a fixed deposit account paying 5% annual interest for 3 years results in a future value of $1,157.63.
  • Example 2: Starting with an initial $1,000 deposit and adding $100 every month at a 6% annual return rate for 10 years yields a future value of $20,381.70, reflecting both your principal and compound growth.

Using our future value calculator online makes it effortless to model these different scenarios and chart your wealth creation.

TVM

What is the Time Value of Money?

The Time Value of Money (TVM) simply means that a dollar today is worth more than a dollar in the future. This happens because today's money can be invested to earn interest, while inflation slowly reduces what that money can buy over time. Using a future value calculator helps you see how these factors work together to grow your savings over the years.

Future Value Formula

The future value calculator depends on whether you invest a single lump sum or combine it with periodic recurring deposits.

Lump-Sum Future Value Formula:

FV = PV × (1 + r)n

FV
Future Value
PV
Present Value (Initial Investment)
r
Interest Rate per Period
n
Total Number of Compounding Periods
Combined Formula (With Periodic Deposits / Annuity):

FV = PV × (1 + r)n + PMT × [((1 + r)n - 1) / r] × (1 + r × type)

(where type = 1 for contributions made at the beginning of each period, and type = 0 for contributions made at the end).

Compound Interest Formula

Compound interest is the process where interest earns interest on itself, accelerating exponential asset growth over time.

General Compound Interest Formula:

A = P (1 + r / n)nt

A
Final Accrued Amount (FV)
P
Principal / Initial Amount (PV)
r
Annual Nominal Interest Rate
n
Compounding Frequency per Year (e.g., 12 for monthly)
t
Time Period in Years

Instead of running complex math by hand, you can use the future value calculator to instantly review the result.

How to Use This Calculator

Our future value calculator is designed to give you precise growth projections in just a few simple steps.

  1. 01

    Enter Your Investment Inputs

    • Number of periods (N): Enter the total number of compounding periods.
    • Starting amount (PV): Enter your initial starting capital.
    • Interest rate (I/Y): Enter your expected rate of return per period as a percentage.
  2. 02

    Set Up Periodic Deposits

    • Periodic deposit (PMT): Input any regular recurring amount you plan to add each period.
    • PMT made at the: Select whether your recurring deposits are made at the Beginning or End of each compounding period.
  3. 03

    Review Your Results & Growth Analysis

    • Projected Future Value: View the total accumulated value at the top, along with a breakdown of Total contributed and Interest earned.
    • Balance Composition: Check the interactive percentage bar showing the exact split between your Starting Amount, Periodic Deposits, and Compound Interest.
    • Growth Chart: Hover over the stacked bar chart to trace your balance trajectory across every period.

(Tip: Click the Reset button at any time to clear inputs and test new numbers)

Why Users Love Our Calculator

  1. 01

    Clean & Intuitive Interface

    A minimalist dark-mode design that lets you adjust inputs and see results instantly without clutter.

  2. 02

    Visual Charts & Breakdowns

    The future value calculator includes dynamic stacked bar charts (Growth Chart) and balance composition bars so you can clearly visualize principal vs. interest growth.

  3. 03

    Detailed Results Output

    Get exact dollar amounts for total contributions alongside compound gains for complete financial transparency.

  4. 04

    Versatile Financial Assistant

    Full support for custom compounding periods and timing toggles (Beginning vs. End of period), making it a reliable future value calculator for any scenario.

Frequently Asked Questions (FAQ)

Using the monthly compound interest formula (P = 1000, r = 0.10, n = 12, t = 5), the future value after 5 years is approximately $1,645.31, generating $645.31 in total compound interest.

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