Future Value Calculator
What money today, and yearly additions, will be worth in the future at a rate of return, and what a future sum is worth today.
Future value of $10,000 by rate and years
| Rate | 5 years | 10 years | 20 years | 30 years |
|---|---|---|---|---|
| 2% | $11,041 | $12,190 | $14,859 | $18,114 |
| 4% | $12,167 | $14,802 | $21,911 | $32,434 |
| 6% | $13,382 | $17,908 | $32,071 | $57,435 |
| 8% | $14,693 | $21,589 | $46,610 | $100,627 |
| 10% | $16,105 | $25,937 | $67,275 | $174,494 |
How this calculator works
Future value = amount × (1 + r)^n, plus yearly additions × ((1 + r)^n − 1) ÷ r. Present value = future amount ÷ (1 + r)^n.
What it assumes
- Yearly compounding, additions at the end of each year, a steady rate.
Questions people ask
What is the future value of money?
What a sum grows to at a rate of return over time: $10,000 at 6% for 10 years becomes $17,908.
What is present value?
What a future amount is worth today at a given rate: $10,000 in 10 years is worth $5,584 today at 6%.
Why is money today worth more than money later?
Because money today can earn a return, and inflation erodes what later money buys. Present value discounts future sums by the return you give up.
What rate should I use?
The return you could earn instead: a savings or CD rate for safe money, a long-run stock return for investments, or inflation to see buying power.
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Sources
Updated by the RateHerald team. The maths is tested against worked examples; report a problem.