All Digi HubInflation calculator: future cost and value of money
Prices rise every year. Use this calculator to see what a cost will be in future, or what today's money will really be worth, at the inflation rate you choose. It also shows the total price rise and how long prices take to double. It is free, needs no sign-up, and your numbers stay on your device.
How it works
Future cost = amount × (1 + inflation rate)^years. For example, 100,000 at 6% a year for 10 years becomes about 179,085. Future value of money in today's terms = amount ÷ (1 + inflation rate)^years, which shows how much less the same sum of money will buy by then.
Total price rise = (1 + inflation)^years − 1, shown as a percentage. Years for prices to double use the rule of 72: about 72 ÷ inflation rate. A table shows each year's figure for up to 40 years. Real inflation changes from year to year, so this uses one steady rate as a planning assumption.
How to use it
- Enter the amount.
- Enter the yearly inflation rate and number of years.
- Choose future cost or future value of money.
Questions
How do I calculate the future cost with inflation?
Multiply today's cost by (1 + inflation rate) raised to the number of years. At 6% a year, a cost doubles in about 12 years. Choose 'What this will cost in future' in the calculator to see it.
What will my money be worth in 10 years?
Divide the amount by (1 + inflation)^10. At 6% inflation, 100,000 will buy what about 55,839 buys today. Choose 'What this money will be worth in future' to see your own figure.
What inflation rate should I use?
Use a rate that matches the costs you care about. General inflation, school fees and medical costs often rise at different rates. Try a few rates to see the range.
Is this calculator free?
Yes. It is free with no sign-up and runs in your browser. Your numbers stay on your device unless you choose to copy the result, share it on WhatsApp, save a PDF or send it to us.
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