Time Value of Money Calculator
Time Value of Money Calculator
What the money is worth today.
Expected yearly return or discount rate.
How far into the future.
How often the return compounds.
What is the time value of money?
A dollar today is worth more than a dollar tomorrow — because money can earn a return. The time value of money (TVM) measures exactly how much more.
For example, $30,000 invested at 7% annually for 15 years grows to about $82,771. That's the power of compounding: your return earns its own return, year after year.
You can also flip the math: if you need $60,000 in 15 years and expect 7% returns, you only need to set aside about $21,703 today.
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