Future Value Table
This future value table helps you calculate how your money will grow over time at various interest rates. Future value calculations are essential for investment planning, retirement savings, education funds, and financial goal setting. By understanding how compound interest affects your money over time, you can make more informed financial decisions to reach your long-term financial objectives. The table below shows how different interest rates and time periods affect the growth of your initial investment.
| Year | 1% | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 12% | 14% | 16% | 18% | 20% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | $1010.00 | $1020.00 | $1030.00 | $1040.00 | $1050.00 | $1060.00 | $1070.00 | $1080.00 | $1090.00 | $1100.00 | $1120.00 | $1140.00 | $1160.00 | $1180.00 | $1200.00 |
| 2 | $1020.10 | $1040.40 | $1060.90 | $1081.60 | $1102.50 | $1123.60 | $1144.90 | $1166.40 | $1188.10 | $1210.00 | $1254.40 | $1299.60 | $1345.60 | $1392.40 | $1440.00 |
| 3 | $1030.30 | $1061.21 | $1092.73 | $1124.86 | $1157.63 | $1191.02 | $1225.04 | $1259.71 | $1295.03 | $1331.00 | $1404.93 | $1481.54 | $1560.90 | $1643.03 | $1728.00 |
| 4 | $1040.60 | $1082.43 | $1125.51 | $1169.86 | $1215.51 | $1262.48 | $1310.80 | $1360.49 | $1411.58 | $1464.10 | $1573.52 | $1688.96 | $1810.64 | $1938.78 | $2073.60 |
| 5 | $1051.01 | $1104.08 | $1159.27 | $1216.65 | $1276.28 | $1338.23 | $1402.55 | $1469.33 | $1538.62 | $1610.51 | $1762.34 | $1925.41 | $2100.34 | $2287.76 | $2488.32 |
| 6 | $1061.52 | $1126.16 | $1194.05 | $1265.32 | $1340.10 | $1418.52 | $1500.73 | $1586.87 | $1677.10 | $1771.56 | $1973.82 | $2194.97 | $2436.40 | $2699.55 | $2985.98 |
| 7 | $1072.14 | $1148.69 | $1229.87 | $1315.93 | $1407.10 | $1503.63 | $1605.78 | $1713.82 | $1828.04 | $1948.72 | $2210.68 | $2502.27 | $2826.22 | $3185.47 | $3583.18 |
| 8 | $1082.86 | $1171.66 | $1266.77 | $1368.57 | $1477.46 | $1593.85 | $1718.19 | $1850.93 | $1992.56 | $2143.59 | $2475.96 | $2852.59 | $3278.41 | $3758.86 | $4299.82 |
| 9 | $1093.69 | $1195.09 | $1304.77 | $1423.31 | $1551.33 | $1689.48 | $1838.46 | $1999.00 | $2171.89 | $2357.95 | $2773.08 | $3251.95 | $3802.96 | $4435.45 | $5159.78 |
| 10 | $1104.62 | $1218.99 | $1343.92 | $1480.24 | $1628.89 | $1790.85 | $1967.15 | $2158.92 | $2367.36 | $2593.74 | $3105.85 | $3707.22 | $4411.44 | $5233.84 | $6191.74 |
Highlighted column represents your selected interest rate of 5%.
Formula: FV = PV × (1 + r)^n
Where:
- FV = Future Value
- PV = Present Value ($1,000)
- r = interest rate (5%)
- n = number of years
Understanding Future Value
Future value is a fundamental concept in finance that represents what a sum of money today will be worth at a specified time in the future, given a certain interest rate or rate of return. It demonstrates the power of compound interest – where you earn interest not only on your initial principal but also on the accumulated interest over time. This table displays future values at various interest rates and time periods, helping you visualize how compound interest can significantly grow your investments over time.
For example, if you invest $1,000 today at an annual interest rate of 5%, in 20 years your investment would grow to approximately $2,653. The longer your investment horizon and the higher the interest rate, the more dramatic the effects of compounding become. Adjust the amount, interest rate, and time period in the table above to see how these variables affect your investment growth.
How to Use This Future Value Table
This interactive table shows you the future value of a present amount across different interest rates and time periods:
- Use the sliders to adjust the initial amount, interest rate, and time horizon
- The table updates automatically to display future values for various interest rate scenarios
- Your selected interest rate is highlighted in blue for easy reference
- Toggle "Show all years" to view values for all years up to your selected time period
This table is particularly useful for financial planning, investment education, and understanding the impact of compound interest on your savings goals. Use it to compare different investment scenarios and to illustrate the benefits of long-term investing.