Learn how small monthly savings can grow into significant wealth through the power of compound interest. Quickly estimate your future savings by using the calculator below.
What is Future Value and Why It Matters
Future Value (FV) refers to the amount your money will grow to over time when invested or saved with compound interest. It's a fundamental concept in personal finance that helps you plan for retirement, education, or any long-term goal.
The Power of Compound Interest
Compound interest means you earn interest on both your original money and on the interest that accumulates over time. This "interest on interest" effect is what makes early and consistent saving so powerful.
Realistic Scenario: $300/Month Over Time
Imagine you save $300 every month into a long-term investment with an annual return of 8%. Here’s what your future could look like:
- After 10 years: Around $55,000
- After 20 years: Around $148,000
- After 30 years: Around $408,000
In total, you would have contributed $108,000 over 30 years — but compound interest helps it nearly quadruple. That’s the magic of time and consistency.
What If You Start 10 Years Later?
If you delay saving by just 10 years and save for only 20 years instead of 30, your total future value drops to about $148,000. That's more than $260,000 less — a costly delay.
Start Now, Even If It’s Small
You don’t need to be rich to build wealth. You just need discipline and time. Start with what you can — even $100/month makes a difference over decades. Use the calculator below to estimate your own future value and take control of your financial future.
