Future Value of Your Money
The value of your money changes with time. So, your $100 today will not be worth $100 years from now. That's because you can invest your $100 in a savings account, or maybe a bond, that will pay you interest. Another example of how your money changes in value over time is consider that if an item costs $100 today, but waited waited too long to buy it, your $100 may no longer be enough to buy the item because of inflation (that is, purchase price increased).
This future value calculator measures how much your money is "worth" at a specified time in the future. Calculating the future value of your money assumes a constant interest rate will be paid to you (this can also be called the 'rate of return'). That interest payment can be monthly, semi-annually, annually, etc.
Use this calculator (which uses compound interest) to determine how much your money will be worth in the future.