Use this future value calculator to estimate how much your current savings and recurring deposits may be worth at a specific point in the future.
Future Value Calculator
Determine the future value of your current savings and periodic deposits.
Related calculators
- High Yield Savings Account Calculator.
- High Yield Savings Account Calculator Monthly
- ETF Calculator
- Inflation Calculator
- Cd Calculator (Certificate of Deposit)
- Compound Interest Calculator
- Monthly Compound Interest Calculator
- APY Calculator
What Is Future Value?
Future value refers to the amount your money could grow into over time after factoring in interest and ongoing deposits. It represents the combined total of your starting balance, all periodic deposits, and the interest earned along the way.
Instead of looking only at how much you save, future value focuses on how time and compounding affect your balance. The longer your money remains invested and the more frequently interest is applied, the higher the future value may become.
What Is a Future Value Calculator?
A future value calculator estimates how much your current savings and recurring deposits may be worth at a specific point in the future. It removes guesswork by applying standard financial formulas based on your inputs.
This calculator allows you to adjust:
- Your starting amount
- The size and frequency of deposits
- The annual interest rate
- The number of years
- How often does interest compounds
The result shows how deposits and interest combine to form your projected balance.
How This Future Value Calculator Works
This Future Value Calculator simulates account growth over time by adding deposits at regular intervals and applying interest based on the selected compound frequency. Deposits may be added monthly, bi-weekly, weekly, or daily, while interest can compound daily, monthly, quarterly, or annually.
Earlier deposits remain invested longer, allowing them to earn more interest than later contributions. The calculator accounts for this timing difference automatically.
Results are updated instantly as values change, and the growth chart shows how your balance builds year by year.
Future Value Formula Used in This Calculator
The calculator estimates growth using the standard compound interest formula:
FV = P × (1 + r ÷ n)^(n × t)
In this formula:
- P is the starting amount
- r is the annual interest rate (as a decimal)
- n is the number of compounding periods per year
- t is the number of years
Periodic deposits are added throughout the savings period and compounded based on the same frequency. Because deposits are made over time rather than all at once, the calculator models growth incrementally rather than applying a single formula to the full balance.
Key Terms Used in the Calculator
Starting Amount
The starting amount is the balance you begin with before making any additional deposits. This portion benefits from compounding for the entire savings period.
Periodic Deposit
Periodic deposits are contributions added on a recurring schedule. More frequent deposits result in earlier interest growth.
Deposit Frequency
Deposit frequency determines how often contributions are added to the balance. Weekly and bi-weekly deposits may increase growth slightly by putting money to work sooner.
Annual Interest Rate
The annual interest rate represents the yearly return before compounding frequency is applied. The calculator adjusts this rate based on how often interest is credited.
Compound Frequency
Compound frequency determines how often interest is added to the balance. More frequent compounding generally results in higher long-term growth.
Years to Grow
This shows how long your savings remain invested. Longer timelines allow compound interest to build momentum.
Bottom line
Future value helps put long-term savings into perspective. It shows how consistent deposits and time can matter more than short-term rate changes. This Future Value Calculator is designed to compare scenarios, test savings strategies, and estimate potential outcomes.