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What is the Inflation Calculator?
An inflation calculator estimates the future value of money based on an expected inflation rate. It helps you understand how the purchasing power of your money decreases over time.
How to Use This Calculator
1
Enter the current amount of money.
2
Input the expected annual inflation rate.
3
Specify the number of years in the future.
4
Click 'Calculate' to see what that amount will be equivalent to in the future.
Example Calculation
$1,000 with 3% inflation for 10 years
With a 3% annual inflation rate, $1,000 today will be equivalent to approximately $1,343.92 in 10 years. This means you would need $1,343.92 in the future to buy what $1,000 buys today.
Frequently Asked Questions
Pro Tips
- Invest in assets that historically outpace inflation, like stocks or real estate.
- Review your budget annually to account for rising prices.
- Keep an emergency fund in a high-yield savings account to mitigate inflation's impact.