Future Value Calculator
Calculate how much your investments will grow over time. See the power of compound interest on your savings and regular contributions.
Future Value
$54,714
After 10 years
Total Contributions
$34,000
Interest Earned
$20,714
Growth Breakdown
Return on Investment
60.9%
Total return on your contributions
| Year | Balance | Total Contributions | Total Interest |
|---|---|---|---|
| 1 | $13,201 | $12,400 | $801 |
| 2 | $16,634 | $14,800 | $1,834 |
| 3 | $20,315 | $17,200 | $3,115 |
| 4 | $24,262 | $19,600 | $4,662 |
| 5 | $28,495 | $22,000 | $6,495 |
| 6 | $33,033 | $24,400 | $8,633 |
| 7 | $37,900 | $26,800 | $11,100 |
| 8 | $43,118 | $29,200 | $13,918 |
| 9 | $48,714 | $31,600 | $17,114 |
| 10 | $54,714 | $34,000 | $20,714 |
Understanding Future Value
For a lump sum investment:
FV = PV × (1 + r/n)^(n×t)
Where PV = Present Value, r = interest rate, n = compounding frequency, t = time in years
Compound interest means you earn interest on your interest. The more frequently your investment compounds, the more you earn. Daily compounding earns slightly more than monthly or annual compounding.
The longer your investment horizon, the more powerful compound interest becomes. Starting early, even with smaller amounts, often beats starting later with larger sums.
Adding regular monthly contributions significantly boosts your future value. Dollar-cost averaging also helps reduce the impact of market volatility over time.