# Future Value Calculator Calculate future value of investments with compound interest > Canonical page: https://elysiatools.com/en/tools/future-value - **Category:** Finance - **Keywords:** future value, fv, compound interest, investment, savings, calculator, growth ## Overview The Future Value Calculator helps you project the growth of your investments or savings over time by accounting for compound interest, regular contributions, and varying compounding frequencies. ## Inputs - **Present Value ($)** (number): Enter initial investment - **Annual Interest Rate (%)** (number): Enter interest rate - **Number of Years** (number): Enter number of years - **Compounding Frequency** (select) - **Regular Contribution ($)** (number): Enter regular contribution (optional) - **Contribution Timing** (select) ## When to use - Planning long-term retirement savings or investment goals. - Comparing how different compounding frequencies impact your total returns. - Determining the potential growth of a lump sum investment with additional periodic deposits. ## How it works - Enter your initial investment amount as the Present Value. - Specify the annual interest rate and the total number of years for the investment. - Select the compounding frequency and indicate if you are making regular contributions. - Calculate the result to see the projected future value of your capital. ## Use cases - Projecting the growth of a retirement portfolio over 20 years. - Calculating the final balance of a high-yield savings account with monthly deposits. - Evaluating the impact of different interest rates on a lump sum investment. ## Frequently asked questions ### What is compound interest? Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods. ### How does compounding frequency affect my returns? More frequent compounding (e.g., daily vs. annually) generally results in a higher future value because interest is earned on interest more often. ### Can I include regular monthly contributions? Yes, you can enter a regular contribution amount and choose whether these payments occur at the beginning or end of each period. ### Is the interest rate fixed? This calculator assumes a constant annual interest rate throughout the entire duration of the investment. ### What is the difference between beginning and end of period contributions? Beginning of period contributions earn interest for the full duration of the period, while end of period contributions do not earn interest until the following period. ## Related tools - [Daily Compound Interest Calculator](https://elysiatools.com/en/tools/compound-interest-daily): Calculate compound interest with daily compounding for savings and investments - [Refinance Calculator](https://elysiatools.com/en/tools/refinance-calculator): Calculate if refinancing your loan will save you money - [Investment Calculator](https://elysiatools.com/en/tools/investment-calculator): Project investment growth with initial principal plus monthly contributions and compound interest. 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