Future Value Calculator
What a lump sum and regular deposits grow to.
Deposit frequency
Deposits at
Your result
—
Enter your numbers to see the result.
This future value calculator shows what your money will grow to. Enter a starting amount, regular deposits (monthly or yearly), an interest rate and the number of years. Choose how often interest compounds, whether deposits are made at the start or end of each period, and an optional yearly increase in deposits, then see the final balance and a year-by-year table.
What is a Future Value Calculator?
Future value (FV) is what an amount of money will grow to after a period of time at a given rate of return. It combines the growth of a lump sum with the growth of regular deposits, both helped by compounding: earning returns on earlier returns.
Future value helps you set savings goals, compare accounts and see the effect of starting early or adding a little more each month. This future value calculator handles a starting amount, regular deposits, compounding frequency, deposit timing and yearly step-ups.
How does the Future Value Calculator work?
The calculator converts the annual rate into a rate per deposit period based on your compounding choice, then runs the balance period by period: it grows the balance and adds each deposit at the start or end of the period. Each year, deposits rise by the step-up percentage.
Running the numbers period by period, rather than with a single formula, lets the tool handle step-ups and mixed deposit and compounding frequencies correctly. The yearly table shows how much of your balance comes from your own money and how much from interest, which is where the power of compounding becomes visible after the first decade.
How to use the Future Value Calculator step by step
- Choose your currency.
- Enter the starting amount.
- Enter the regular deposit and how often you make it.
- Enter the rate, years and compounding.
- Choose deposit timing and any yearly increase.
- Read the future value and yearly table.
Future Value Calculator example with real numbers
You have $10,000 to invest and can add $200 at the end of each month. You expect 7% a year, compounded monthly, for 10 years.
| Example input | Value |
|---|---|
| Currency | US dollar ($) |
| Starting amount | 10,000 |
| Regular deposit | 200 |
| Deposit frequency | Monthly |
| Annual interest rate | 7% |
| Years | 10 years |
| Compounding | Monthly |
| Deposits at | End of period |
| Yearly increase in deposits | 0% |
| Example output | Value |
|---|---|
| Future value | $54,713.58 |
| Starting amount | $10,000 |
| Total deposits | $24,000 |
| Interest earned | $20,714 |
| Effective annual rate | 7.229% |
| Growth multiple | 1.61× |
The future value calculator shows $54,713.58. You put in $24,000 in deposits on top of the $10,000, and earn $20,714 in interest.
Key features of this Future Value Calculator
- Lump sum plus deposits
- Monthly or yearly deposits
- Four compounding options
- Annuity due and step-up
- Yearly table and CSV
Who should use the Future Value Calculator?
Who is this Future Value Calculator for?
- Savers and investors
- Parents saving for children
- Finance students
- Retirement planners
Practical use cases
- Setting a savings target
- Seeing the effect of starting early
- Comparing interest rates
- Planning a step-up savings plan
Key benefits
- Complete: lump sum and deposits.
- Flexible: timing and step-up.
- Clear: yearly growth.
- Private: runs in your browser.
Tips for better results
- Starting earlier matters more than a slightly higher rate.
- Raise deposits each year as your income grows.
- Use a conservative rate for planning.
- Subtract inflation for results in today’s money.
Common mistakes to avoid
- Expecting a constant return from stocks.
- Ignoring fees and taxes.
- Mixing nominal and real returns.
- Forgetting to match deposit and compounding frequency.
Limitations of this Future Value Calculator
- Returns are assumed constant.
- Taxes, fees and inflation are not deducted.
- Withdrawals are not modelled.
Future Value Calculator vs other ways to calculate
| Tool | Best for |
|---|---|
| Future value | Growth of savings |
| Present value | Value today of future money |
| TVM calculator | Solving for any unknown |
For the reverse, use the present value calculator. For SIP-style investing in India, try the SIP calculator.
Privacy and data handling
This Future Value Calculator runs entirely in your browser. The numbers you type are not sent to Qorico or stored on any server, and nothing is saved after you close the page. The Copy and Download buttons create the result on your own device. If the page has analytics turned on, it may count that a calculation happened, but it does not record the values you entered.
Future Value Calculator FAQs
What is future value?
The amount money will grow to over time at a given rate of return.
What will $10,000 be worth in 10 years?
At 7% a year, about $19,670 with yearly compounding, or about $20,097 compounded monthly.
Does compounding frequency matter?
Yes. More frequent compounding gives a slightly higher future value.
What is an annuity due?
Deposits made at the start of each period, which earn one extra period of interest.
Can I increase my deposits each year?
Yes. Set a yearly increase percentage.
Is the result guaranteed?
No. It assumes a constant rate; real investment returns vary.
Related tools
Sources and references
We checked the method and the current figures used in this Future Value Calculator against these official and primary sources:
- Investor.gov: Compound interest calculator
- Corporate Finance Institute: Time value of money
- FINRA: Investing basics
- CFA Institute
Written and reviewed by the Qorico Team
