What is Inflation Calculator?
Measures the compounding decline in currency purchasing power caused by ongoing monetary inflation over a multi-year horizon.
How to Use This Calculator
- Enter initial purchasing amount.
- Set expected annual inflation rate.
- Choose time horizon in years.
- Review future required dollars and cumulative purchasing power loss.
The Mathematical Formula & Variables
Future Cost = P * (1 + inflation)^years
Step-by-Step Worked Example
Scenario: $1,000 baseline with 2.5% annual inflation over 20 years.
- (1 + 0.025)^20 = 1.638616.
- 1,000 * 1.638616 = $1,638.62 needed in 20 years.
Result: $1,638.62
Frequently Asked Questions
What is the Rule of 72 for inflation?
Divide 72 by the annual inflation rate to find roughly how many years until price levels double (e.g. 72 / 3% = 24 years).