Inflation Calculator Free · Calc Pro
4.6 · 4,712 ratings
Coming soonInflation quietly raises prices and shrinks what your savings can buy. Enter an amount, an inflation rate and a number of years to see what the same things will cost in the future, and what today's money will really be worth.
How to use the Inflation Calculator
- 1Tap Amount Today and enter an amount, such as a salary, a price or your savings.
- 2Press ↓ and enter the Inflation Rate (3 for 3%) and the number of Years.
- 3The Future Cost, Future Purchasing Power and Total Increase update as you type.
What $1,000 is worth in 10 years
| Inflation rate | Buying power of $1,000 in 10 years |
|---|---|
| 2% | $820.35 |
| 3% | $744.09 |
| 4% | $675.56 |
Even modest inflation takes a real bite over a decade.
Using it for planning
- Retirement. A retirement income that feels comfortable today will need to be larger in the future. Enter it here to see how much larger.
- Big purchases. Estimate what a home, a car or a university education will cost by the time you buy it, then save for that amount with the Savings Goal Calculator.
- Salary. Check whether a raise actually keeps up with rising prices.
Frequently Asked Questions
How is inflation calculated?
Prices compound like interest: Future Cost = Amount × (1 + rate)^years. Future Purchasing Power works the other way: Amount ÷ (1 + rate)^years.
What inflation rate should I use?
Many central banks, including the U.S. Federal Reserve and the Bank of Canada, target about 2% a year. Actual inflation varies, so try a few rates, such as 2%, 3% and 4%, when planning.
Why does my savings account need to beat inflation?
If your money earns less than inflation, it buys less each year even as the balance grows. Compare your savings rate with the inflation rate you expect.
Is the Inflation worksheet free?
It's free to use here in your browser. In the iPhone and iPad app it's part of Pro Premium.
More free calculators
Take the Inflation Calculator with you
In Calc Pro for iPhone and iPad, the Inflation Calculator is part of Pro Premium, which unlocks all 23 financial worksheets and every calculator in the app.
Coming soonFree with ads · In-app purchase unlocks the full Pro Premium version
See what the app can do