Present Value Calculator

Find out what a future sum of money is worth in today's dollars, accounting for inflation or your expected return rate.

Future Value ($)

Discount Rate (% per period)

Your expected return or inflation rate

Number of Periods

Periodic Payment ($)

Optional: for annuity PV

Present Value (Lump Sum)

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Total Discount

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Present Value (Annuity)

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You Would Need Today

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PV Formula

PV = FV / (1+r)^n. For an annuity: PV = PMT × [1-(1+r)^-n]/r. This is the time value of money — money today is worth more than the same amount in the future because you can invest it and earn returns.