Future Value Calculator
Find what a sum today will be worth in the future, with optional periodic payments.
What the Future Value Calculator does
Future value answers what money today, plus any regular deposits, will be worth later at a given rate. It is the foundation of the time value of money: a dollar now is worth more than a dollar later because it can earn interest in the meantime. This is the general-purpose version, with any compounding frequency and either ordinary or due timing — for a real-world investing projection adjusted for inflation, see the investment calculator; for contributions that step up each year, see the investment growth calculator.
Formula
FV = PV × (1 + r)ⁿFV of annuity = PMT × ((1 + r)ⁿ − 1) ÷ rAnnuity due multiplies the result by (1 + r)
Inputs explained
| Input | Unit | Required | Notes |
|---|---|---|---|
| Present value | selected currency | Optional | Accepts 0 or more. |
| Payment per period | selected currency | Optional | Accepts 0 or more. |
| Interest rate per year | % | Yes | — |
| Number of years | years | Yes | Accepts more than 0, up to 100. |
| Compounding / payment frequency | one of 7 options | Yes | — |
| Payments occur | one of 2 options | Yes | — |
| Currency | one of 10 options | Optional | — |
How to use it
- Choose Compounding / payment frequency and Payments occur.
- Enter Interest rate per year and Number of years.
- Optionally add Present value and Payment per period.
- Select Calculate.
Worked example
$10,000 today plus $300 a month for 15 years at 7%, compounded monthly.
- Present value
- 10000
- Payment
- 300
- Rate
- 7
- Years
- 15
FV ≈ ₹123,578 from ₹64,000 contributed.
Frequently asked questions
What is the difference between ordinary annuity and annuity due?
Timing. An annuity due pays at the start of each period, giving each payment one extra period of growth, so it always ends up worth slightly more.