Future Value Calculator
Projects savings with regular monthly contributions.
Result
- Future value
- S$219,080.04
- Total contributed
- S$125,000.00
- Growth
- S$94,080.04
How to use the future value calculator
- Enter the starting amount (S$).
- Enter the monthly addition (S$).
- Enter the annual return (%).
- Enter the years.
- The results update as you type, or press Calculate.
- Read the future value first, then the supporting figures below it.
Formula
FV = P(1+r)^n + m((1+r)^n − 1)/r.
Worked example
For example, with these inputs:
- Starting amount (S$): 5,000
- Monthly addition (S$): 500
- Annual return (%): 5
- Years: 20
the calculator returns:
- Future value: S$219,080.04
- Total contributed: S$125,000.00
- Growth: S$94,080.04
Background
An emergency fund of three to six months of essential expenses protects you from having to borrow at high rates when something unexpected happens. Once that buffer is in place, extra savings can go towards longer-term goals and investments.
Compounding is the reason long-term saving works: returns earn further returns, so the growth curve steepens over time. The same maths works against you with debt, which is why credit card balances at around 27% a year grow quickly if only minimum payments are made.
Frequently asked questions
How does the future value calculator work?
It applies this formula: FV = P(1+r)^n + m((1+r)^n − 1)/r.
Is this financial advice?
No. It is a calculation tool. For decisions about loans or investments, compare official offer documents and consider speaking to a licensed adviser.