Future Value Calculator
Calculate the future value of your investments with compound interest and regular contributions. Currently calculating in US Dollar.
Payment made each month
Future Value
$106,639
Total Contributions
$70,000
Interest Earned
$36,639
Effective Annual Rate
7.23%
FV of Initial Investment
$20,097
$10,000 growing at 7% for 10 years
FV of Periodic Payments
$86,542
$500 per period, 12x/year
| Year | Contributions | Interest | Future Value |
|---|---|---|---|
| 0 | $10,000 | $0 | $10,000 |
| 1 | $16,000 | $919 | $16,919 |
| 2 | $22,000 | $2,339 | $24,339 |
| 3 | $28,000 | $4,294 | $32,294 |
| 4 | $34,000 | $6,825 | $40,825 |
| 5 | $40,000 | $9,973 | $49,973 |
| 6 | $46,000 | $13,782 | $59,782 |
| 7 | $52,000 | $18,299 | $70,299 |
| 8 | $58,000 | $23,578 | $81,578 |
| 9 | $64,000 | $29,671 | $93,671 |
| 10 | $70,000 | $36,639 | $106,639 |
Lump Sum Future Value
FV = PV x (1 + r/n)^(n x t)
Where PV = Present Value, r = annual rate, n = compounds per year, t = years
Annuity Future Value
FV = PMT x [((1 + r/n)^(n x t) - 1) / (r/n)]
For payments at beginning of period, multiply by (1 + r/n)
Time Value of Money
Money available today is worth more than the same amount in the future due to its potential earning capacity.
Compounding Effect
More frequent compounding results in higher future value. Daily compounding yields more than annual.
Explore More Tools
Discover other calculators in Investing & Retirement to help with your financial planning