Future Value of a Lump Sum Deposit

Example

A client has accumulated $50,000 in retirement funds. What will their account balance be in 15 years if they had a 6.5% average annual rate of return?

Data Entry

Use the following values for the prompts:


Prompt

Value


Calculation Type

Accumulation


Calculate

Future Value


Current Account Value

50000


Interest Rate

6.5


Number of Years

15


Deposits per Year

1


Deposit Amount

0


Type of Deposits

Level Deposits


Deposits Made at

End of Period

Result

The Calculated Projected Value shows $128,592.08.