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Future Value Calculator

Use this future value calculator to model growth, return, or time-value scenarios for future value.

Primary answer
Future value
Inputs to verify
Present value, Periodic payment, and Annual rate
Use type
Use as an estimate that depends on assumptions.
Keyword intent
future value calculator

Calculator

Future Value Calculator

Calculates future value from present value, periodic payment, annual rate. Defaults are filled in so you can review a working example before changing inputs.

$

Starting lump sum. Results use the same currency as this amount.

$

Equal payment made every compounding/payment period. Use 0 for a lump sum only.

%

Use 5 for 5%, not 0.05. The rate is divided by the selected frequency.

years

The selected frequency times years must produce a whole number of periods.

Payments are assumed to occur at the same frequency as compounding.

Choose whether periodic payments happen at the end or beginning of each period.

Result

Result reflects the current submitted inputs.

  • Risk B
  • Reviewed 2026-05-26
  • 4 sources
Future value47,526.55
Lump sum future value16,470.09
Payment future value31,056.46
Total contributions34,000
Interest earned13,526.55

Breakdown

Periodic rate
0.4167%
Number of periods
120
Payment timing
End
  • Annual rate input 5 means 5%, not 0.05.
  • The compounding frequency and payment frequency are the same.
  • Payments are equal and occur either at the end of each period (ordinary annuity) or the beginning of each period (annuity due).
  • The calculator uses a fixed nominal annual rate and discrete compounding.
  • Fees, taxes, inflation, changing rates, withdrawals, and investment risk are excluded.
  • This is an educational estimate, not financial advice.

Accuracy notes

Risk level
B
Reviewed
2026-05-26
Sources
4
Primary result
Future value

Formula logic is kept in a pure calculator module with fixtures, source notes, and page-visible assumptions.

Categories

What the result means

Future value answers the page's main future value question. Projected ending value of the starting amount plus periodic payments. Read the projected value or rate first, then use contribution, period, and return outputs to explain why it changed. Use lump sum future value, payment future value, and total contributions to explain why future value moved when an input changed. Change one assumption at a time so you can see which input is driving the projection.

Future valueProjected ending value of the starting amount plus periodic payments.
Lump sum future valueFuture value contributed by the starting amount.
Payment future valueFuture value contributed by equal periodic payments.
Total contributionsStarting amount plus periodic payments before interest.

Use the result this way

  1. Start with Future value, then use supporting outputs only to explain the primary answer.
  2. Verify present value, periodic payment, and annual rate before copying the result.
  3. Choose the mode or method first because it can change which formula is applied, keep units consistent with the labels shown in the form, and stay within the documented minimum and maximum ranges.
  4. Change one assumption at a time so you can see which input is driving the projection.

User job

How to use this calculator

Use Future Value Calculator when you need future value, then use lump sum future value and payment future value to check the context for planning conversations, quote comparisons, payment checks, and scenario review.

Best for

  • Comparing one financial scenario with another
  • Preparing questions for a lender, advisor, or statement review
  • Reviewing a default example before entering your own present value and periodic payment.

Check before relying

  • Verify rates, fees, timing, taxes, and local rules against official documents before acting.
  • Annual rate input 5 means 5%, not 0.05.
  • The compounding frequency and payment frequency are the same.
  • Source context: OpenStax, reviewed 2026-05-26.

Next useful step

  • Savings CalculatorUse next when the investment task needs required contribution instead of future value.
  • Annuity CalculatorUse next when the investment comparison needs annuity inputs such as starting amount and payment per period.
  • Compound Interest CalculatorUse next when the investment comparison needs compound interest inputs such as initial principal and annual interest rate.

Formula

Future value equals presentValue * (1 + i)^N plus periodicPayment * annuityFutureFactor, where i is the periodic rate and N is the number of periods. Key assumptions: Annual rate input 5 means 5%, not 0.05. The compounding frequency and payment frequency are the same. Payments are equal and occur either at the end of each period (ordinary annuity) or the beginning of each period (annuity due).

  • Future value equals presentValue * (1 + i)^N plus periodicPayment * annuityFutureFactor, where i is the periodic rate and N is the number of periods.
  • Annual rate input 5 means 5%, not 0.05.
  • The compounding frequency and payment frequency are the same.
  • Primary source context: OpenStax.

Inputs

Enter present value, periodic payment, annual rate, and time for planning conversations, scenario checks, and lender or statement comparison. Before calculating, choose the mode or method first because it can change which formula is applied, keep units consistent with the labels shown in the form, and stay within the documented minimum and maximum ranges. Present value: Starting lump sum. Results use the same currency as this amount. Periodic payment: Equal payment made every compounding/payment period. Use 0 for a lump sum only. Annual rate: Use 5 for 5%, not 0.05. The rate is divided by the selected frequency. Time: The selected frequency times years must produce a whole number of periods.

Present valueStarting lump sum. Results use the same currency as this amount.
Periodic paymentEqual payment made every compounding/payment period. Use 0 for a lump sum only.
Annual rateUse 5 for 5%, not 0.05. The rate is divided by the selected frequency.
TimeThe selected frequency times years must produce a whole number of periods.
Compound/payment frequencyPayments are assumed to occur at the same frequency as compounding.
Payment timingChoose whether periodic payments happen at the end or beginning of each period.

Example

Using the default inputs, Future Value Calculator returns future value of 47,526.55. Adjust present value, periodic payment, annual rate, and time to match your own scenario.

FAQ

How is future value calculated here?

Future value equals presentValue * (1 + i)^N plus periodicPayment * annuityFutureFactor, where i is the periodic rate and N is the number of periods. The first assumption to check is: Annual rate input 5 means 5%, not 0.05.

What does Future value mean for future value?

Read the projected value or rate first, then use contribution, period, and return outputs to explain why it changed. Secondary values such as lump sum future value, payment future value, and total contributions are there to explain the primary answer, not to replace it.

What should I enter for Present value?

Starting lump sum. Results use the same currency as this amount. Use $ for this field. Choose the mode or method first because it can change which formula is applied, keep units consistent with the labels shown in the form, and stay within the documented minimum and maximum ranges.

How does Periodic payment change future value?

Equal payment made every compounding/payment period. Use 0 for a lump sum only. Changing it can alter future value because the formula uses the submitted inputs together. Also compare nominal versus effective rate, contribution timing, compounding frequency, inflation, fees, and tax treatment.

Why does the future value example show 47,526.55 for future value?

The default inputs produce 47,526.55 for future value. Treat that as a format and scale check, then replace every default value with your own inputs.

Can the future value result replace financial advice?

No. Use the future value result as comparison context only. Market returns, taxes, fees, legal terms, and personal constraints can change the real outcome.

Sources

Last reviewed: 2026-05-26

  • Reviewed 2026-05-26
    Principles of Finance, 7.2 Time Value of Money (TVM) BasicsOpenStax. Single-sum future value, present value/future value terminology, and compounding assumptions.
    Scope
    International educational finance reference for future value and compounding concepts.
    Supports
    Single-sum future value, present value/future value terminology, and compounding assumptions.
  • Reviewed 2026-05-26
    Principles of Finance, 8.2 AnnuitiesOpenStax. Periodic payment future value formulas and the beginning-versus-end payment timing assumption.
    Scope
    International educational finance reference for ordinary annuity and annuity due future value.
    Supports
    Periodic payment future value formulas and the beginning-versus-end payment timing assumption.
  • Reviewed 2026-05-26
    FV functionMicrosoft Support. Rate, number of periods, payment, present value, type/payment timing definitions, unit consistency note, and published fixture comparison.
    Scope
    Spreadsheet financial-function documentation for constant-rate future value with periodic payments or a lump sum.
    Supports
    Rate, number of periods, payment, present value, type/payment timing definitions, unit consistency note, and published fixture comparison.
  • Reviewed 2026-05-26
    Compound Interest CalculatorInvestor.gov, U.S. Securities and Exchange Commission. Official comparison target for public-page QA and educational finance framing.
    Scope
    U.S. investor education calculator for initial investment, recurring contribution, rate, time, and compounding frequency.
    Supports
    Official comparison target for public-page QA and educational finance framing.

Disclaimer

This finance calculator is for educational projection work only. It is not investment, tax, legal, retirement, insurance, or fiduciary advice, and it does not account for every fee, risk, market change, or personal circumstance.