Future Value Calculator

Future value (FV) is what a sum of money today will be worth at a specified point in the future, given an interest or growth rate. It's the core of the time value of money: a dollar invested today is worth more than a dollar later because it can earn interest.

For a lump sum, FV = PV × (1 + i)^n, where i is the periodic rate and n is the number of periods. For recurring contributions, the future value of an annuity is added: PMT × ((1 + i)^n − 1) / i. This calculator combines both.

With an ordinary annuity, contributions are made at the end of each period; with an annuity due, they're made at the beginning. Annuity-due deposits earn one extra period of interest, so they produce a slightly higher future value. Use the timing dropdown to switch.

Yes. More frequent compounding (monthly vs annually) lets your money earn interest on interest more often, raising the future value for the same annual rate. This calculator matches the contribution and compounding frequency you choose.

Use a realistic expected annual return. For long-term diversified stock investing, many people model 6–8%. For savings or CDs, use the quoted APY. Lower, conservative rates give a safer estimate.