Future Value Calculator
Estimate what a present amount plus regular contributions will be worth in the future, given a rate of return and compounding frequency.
Last updated: June 20, 2026 · Fact-checked by TG we-Calculate Editorial Team%
years
Compounding frequency
Projected balance at the end of the term.
- 1
Periodic interest rate
6% ÷ 100 ÷ 12 = 0.005 - 2
Total periods
10 × 12 = 120 - 3
Growth factor
(1 + 0.005)^120 = 1.8194How much one unit of present value grows over the entire term. - 4
PV grown
10,000 × 1.8194 = 18,193.97 - 5
Future value
18,193.97 + 200 × (1.8194 − 1) ÷ 0.005 = 50,969.84
How do you calculate the future value of money?
Future value is found with FV = PV·(1 + i)^N + PMT·[((1 + i)^N − 1) / i], where i is the annual rate divided by the number of compounding periods per year and N is the total periods. It grows a present sum and any regular contributions by compound interest over time.
Formula
How this is calculated
The calculator projects how money grows under compound interest by combining two growing pieces. The present value (PV) is a lump sum you already hold; the contribution (PMT) is a fixed amount you add every compounding period. The annual rate is converted to a periodic rate i = rate ÷ 100 ÷ m, where m is the number of compounding periods per year (1 for annual, 4 for quarterly, 12 for monthly), and the term in years is converted to N = years × m total periods.
The lump sum grows by the compound factor (1 + i)^N, while the stream of deposits is summed with the ordinary-annuity factor [((1 + i)^N − 1) / i], assuming each deposit lands at the end of its period. Adding both gives the future value in the same currency unit you entered. Total contributions are PV + PMT × N, and interest earned is the future value minus those contributions.
The model assumes a constant rate, fixed contributions, and no taxes, fees, or inflation, so real-world results will differ. When the rate is zero, growth disappears and the future value is simply the sum of every deposit.
Examples
| Input | Result |
|---|---|
| PV $10,000, $200/month, 6% annual, 10 years, monthly | Future value ≈ $50,969.84 |
| PV $5,000, no contributions, 8% annual, 20 years, annually | Future value ≈ $23,304.79 |
| PV $0, $500/quarter, 5% annual, 15 years, quarterly | Future value ≈ $44,287.25 |
About this calculator
The future value (FV) of money is the time value of money concept that tells you what an amount today, plus any ongoing contributions, will grow to after earning compound interest. It combines two parts: the growth of a present lump sum and the growth of a stream of equal periodic deposits (an ordinary annuity).
The periodic rate i is the annual rate divided by the number of compounding periods per year (m), and N is the total number of periods (years × m). More frequent compounding and larger or earlier contributions both increase the final balance. When the rate is zero, future value is simply the present value plus the sum of all contributions.
Frequently asked questions
Compound interest describes how a balance grows; future value is the resulting total. A future value calculation also adds the growth of any regular contributions, not just a single lump sum.
This calculator treats contributions as an ordinary annuity, with each deposit made at the end of the period. Deposits made at the start of each period (an annuity due) would grow for one extra period and yield slightly more.
More frequent compounding applies interest more often, so a higher frequency produces a slightly larger future value for the same annual rate and term.
Also known as
Sources & references
TG we-Calculate Editorial Team. (2026). Future Value Calculator [Online calculator]. TG we-Calculate. https://we-calculate.com/calculator/future-value-calculator
TG we-Calculate Editorial Team. "Future Value Calculator." TG we-Calculate. 2026. https://we-calculate.com/calculator/future-value-calculator.
TG we-Calculate Editorial Team, "Future Value Calculator," TG we-Calculate, 2026. [Online]. Available: https://we-calculate.com/calculator/future-value-calculator
@misc{wecalculate_future_value_calculator, title = {Future Value Calculator}, author = {{TG we-Calculate Editorial Team}}, howpublished = {\url{https://we-calculate.com/calculator/future-value-calculator}}, year = {2026}, note = {TG we-Calculate} }
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