Future Value Calculator

Calculate the future value of an investment based on regular contributions, interest rate, and time period

Input Parameters

Calculation Results

Calculation Formula

FV = P × (1 + r/n)^(nt) + PMT × [((1 + r/n)^(nt) - 1)/(r/n)]

Where:
FV = Future Value
P = Initial Investment
r = Annual Interest Rate
n = Compounding Frequency per Year
t = Number of Years
PMT = Monthly Contribution

Total Contributions

$0.00

Future Value

$0.00

Interest Earned

$0.00

Future Value Calculator Calculator Usage Guide

Learn how to use the Future Value Calculator calculator and its working principles

How to Use the Future Value Calculator

  1. Enter your initial investment amount (the amount you invest today)
  2. Enter your monthly contribution amount (the amount you add to your investment each month)
  3. Set the annual interest rate (the return on your investment)
  4. Enter the number of years you plan to invest
  5. Click the "Calculate" button to see your future value

Understanding the Results

The calculator provides three key results:

  • Total Contributions: The total amount of money you've invested over time
  • Future Value: The total value of your investment at the end of the period
  • Interest Earned: The total amount of interest your investment has generated

Example Scenario

Suppose you invest $5,000 today and add $200 each month for 10 years at an annual interest rate of 6%.

With these parameters, your future value would be approximately $30,063, of which $15,063 would be interest earned.

Important Notes

This calculator assumes that contributions are made at the end of each month and that interest is compounded monthly. The actual future value may vary based on actual interest rates and contribution timing.