Time Value of Money Calculator
A dollar today is worth more than a dollar tomorrow. Solve for FV, PV, required rate, or required time. Annuity mode. Real vs nominal. Fisher equation inflation adjustment.
Future Value
$38,697
In today's dollars (inflation-adjusted): $21,426
Rate Used
7.00%
Periods
20 yrs
Compound Factor
3.87×
Rule of 72
10.3 yrs
Inputs
Calculation Mode
Starting amount today
Expected annual return or discount rate
Time horizon in years
For real-return and purchasing power calcs
Year-by-Year Schedule
| Year | Nominal Balance | Real Balance (today's $) |
|---|---|---|
| Yr 1 | $10,700 | $10,388 |
| Yr 2 | $11,449 | $10,792 |
| Yr 3 | $12,250 | $11,211 |
| Yr 4 | $13,108 | $11,646 |
| Yr 5 | $14,026 | $12,099 |
| Yr 6 | $15,007 | $12,568 |
| Yr 7 | $16,058 | $13,056 |
| Yr 8 | $17,182 | $13,564 |
| Yr 9 | $18,385 | $14,090 |
| Yr 10 | $19,672 | $14,637 |
| Yr 11 | $21,049 | $15,206 |
| Yr 12 | $22,522 | $15,796 |
| Yr 13 | $24,098 | $16,410 |
| Yr 14 | $25,785 | $17,047 |
| Yr 15 | $27,590 | $17,709 |
| Yr 16 | $29,522 | $18,397 |
| Yr 17 | $31,588 | $19,111 |
| Yr 18 | $33,799 | $19,854 |
| Yr 19 | $36,165 | $20,625 |
| Yr 20 | $38,697 | $21,426 |
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