# Future Value Calculator Project today's amount (plus optional recurring contributions) forward with compound interest (FV). Supports a lump sum or lump sum + annuity, multiple compounding frequencies, a growth curve, and a per-period breakdown. FV = PV*(1+r)^n for a lump sum. > Canonical page: https://elysiatools.com/en/tools/future-value-calculator - **Category:** Finance - **Keywords:** future value, fv, compound interest, time value of money, annuity, growth, finance, projection ## Overview The Future Value Calculator helps you project the growth of your investments over time by applying compound interest. Whether you are analyzing a single lump-sum deposit or a combination of an initial amount and recurring annuity contributions, this tool calculates the future value (FV) based on your specified interest rate, compounding frequency, and number of periods, delivering a detailed per-period breakdown and growth curve. ## Inputs - **Cash Flow Type** (select) - **Present Value (starting amount)** (number): e.g. 10000 - **Recurring Contribution** (number): e.g. 100 (for annuity mode) - **Interest Rate (%)** (number): e.g. 5 - **Number of Periods** (number): e.g. 10 - **Compounding Frequency** (select) - **Decimal Places** (number) ## When to use - When planning long-term savings goals and wanting to see how compound interest increases your initial deposit over a set number of years. - When comparing the growth potential of different investment options with varying compounding frequencies, such as monthly versus annual compounding. - When calculating the total future value of a retirement fund that combines a starting balance with regular monthly or annual contributions. ## How it works - Select your cash flow type, choosing either a single lump-sum starting amount or a lump sum combined with recurring annuity contributions. - Enter your present value, interest rate, number of periods, and choose a compounding frequency ranging from daily to annually. - Click calculate to generate the future value, complete with a per-period growth breakdown and a visual growth curve. ## Use cases - Projecting the 5-year growth of a fixed-term certificate of deposit (CD) with quarterly compounding. - Estimating the future value of a savings account with a starting balance and monthly recurring deposits. - Comparing how different interest rates impact the long-term value of a retirement portfolio. ## Frequently asked questions ### What is the difference between lump-sum and annuity cash flow types? Lump-sum calculates growth on a single starting amount, while annuity includes regular, recurring contributions added at each period. ### How does compounding frequency affect the future value? More frequent compounding (like monthly or daily) yields a higher future value because interest is calculated and added to the balance more often. ### Can I adjust the decimal precision of the final calculation? Yes, you can set the decimal places option from 0 to 6 to match your preferred currency formatting. ### What formula is used for the lump-sum calculation? It uses the standard formula FV = PV * (1 + r/n)^(n*t), where PV is present value, r is the annual interest rate, n is compounding frequency, and t is the number of periods. ### Is there a limit to the number of periods I can calculate? 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