Time Value Calculator to Calculate Present and Future Value of Your Time

Time Value Calculator Sign

This calculator will provide you with a powerful motivator for overcoming the temptation to succumb to instant gratification and its wealth-destroying consequences.

Specifically, this time value calculator will calculate the future value of your present time, as well as the amount of time that future value represents.

For example, if you invested one hour's worth of wages you earn today, the calculator will not only tell you how much it would grow to by the time you reach retirement age, but also how much time off your investment would buy you.

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Time Value Calculator

Calculate future value of your present time, as well as the amount of time that future value represents.

Special Instructions

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Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Current age:Current age:Current age:Current age:

Current age:

Enter your current age.

Retire age:Retirement age:Age you expect to retire at:Age you expect to retire at:

Retire age:

Enter the age you plan or hope to retire at.

RHWReal hourly wageReal hourly wageReal hourly wage:

Real hourly wage:

Enter your after-tax, after work-related-expense hourly wage. Clicking the link will open the Real Hourly Wage Calculator in a new window.

ROI:Expected ROI:Expected annual return on investments:Expected annual return on investments:

Expected annual return on investments:

Enter the annual interest rate you expect to earn on your investments. Enter as a percentage but without the percent sign (for .06 or 6% enter 6).

Time Until Retirement
Tap the text for a description of each row result.
Years:Years:# of years:Number of years:

Number of years:

This is the number of years remaining until you reach retirement age.

Days:Days:# of days:Number of days:

Number of days:

The result in the left column is the estimated number of days remaining till you retire. The result in the right column is the number of work days.

Hours:Hours:# of hours:Number of hours:

Number of hours:

The result in the left column is the estimated number of awake hours remaining till you retire based on 8-hours of sleep per day. The result in the right column is the number of work hours remaining.

Present and Future Values
Tap the text for a description of each row result.

Lump Sum

Lump sum column:

Various lump sum denominations.

Present Value

Present value column:

Each row in this column lists the present value of the lump sum described in the far left-hand column.

Future Value

Future value column:

Each row in this column lists the future value of the lump sum described in the far left-hand column. The future values are based on investing the present value of the lump sum for the number of years until retirement, earning the entered interest rate.

Future Time

Future time column:

Each row in this column lists the future time represented by the future value of the lump sum described in the far left-hand column. The future times are based on dividing the future value of the lump sum by the entered real hourly wage, the result of which represents the number of hours you could take off from work if you withdrew your savings and used it to pay your living expenses.

Dollar:Dollar:One dollar:One dollar:

One dollar:

Present, future, and time value of one dollar of your money.

Hour:Hour:Work hour:Work hour:

Work hour:

Present, future, and time value of the net wage from one hour of time spent at work.

Day:Day:Work day:Work day:

Work day:

Present, future, and time value of the net wages from 8-hours spent at work.

Week:Week:Work week:Work week:

Work week:

Present, future, and time value of the net wages for 40-hours of work.

Month:Month:Work month:Work month:

Work month:

Present, future, and time value of the net wages for one month of work.

Year:Year:Work year:Work year:

Work year:

Present, future, and time value of the net wages for the next year.

If you would like to save the current entries to the secure online database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

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Help and Tools


What money is, and how what you do to earn it is just as critical to your happiness.

Time is Money is Time

I'm sure you've heard the phrase, "Time is money," but have you ever stopped to consider that the opposite is also true? By opposite, I mean "Money is time."

The amount of money you have in your possession represents the time you've invested in serving employers or customers.

For example, if you have a $100 bill and if you take home $10 per hour from your work, then that $100 bill represents 10 hours of your invested time ($100 ÷ $10 = 10).

The question is, will your investment of time generate a net-profit or a net-loss?

Money DOES NOT Equal Profit

What most of us fail to realize, is that the money we collect for the time we invest serving others has very little to do with whether or not we actually profit from our labors.

How so?

Because to actually profit from an investment of our time, the emotional revenues we receive from the money we are paid must exceed any emotional expenses we experience while investing our time.

Is there something you would rather do with your time than spend it at work? If so, then your work -- no matter how much you like it -- is generating emotional expenses.

And the more you dislike your work, the higher those expenses will be.

This means that in order to profit from our work, we must make sure that we only spend our net wages on things that will yield emotional revenues in excess of the expenses we incurred earning them.

Of course, if you hate your work it then becomes extremely difficult, if not impossible, to find things to spend your money on that will return more than your work is costing you.

This explains why it's so important to choose your work based on how well it's suited to your talents, abilities, values, and genuine interests, rather than just on how much money it pays.

Hate Your Work? Then What?

It's true, we all have to work in order to feed, clothe, and shelter ourselves and our families.

And it's also true that most of us can't be too choosy as to which jobs we take when we find ourselves without an income.

However, if you find yourself in a job you hate, the worst thing you can do is to attempt to immediately offset its emotional expenses by spending your wages on short-lived emotional "highs."

Short lived emotional highs, otherwise known as "instant gratifications", include activities like:

  • Expensive entertainment
  • Shopping
  • Buying on credit
  • Gambling
  • Drinking
  • Drug usage
  • Promiscuity
  • Etc.

And sure, these activities can generate high emotional returns up front, but they almost always end in an emotional net-loss (hangover pain exceeds the party high) -- thereby serving only to add to the emotional losses you are experiencing at work, not offset them.

If your work is costing you a fortune in emotional expenses, then your primary focus should be on finding and pursing a work that will be less emotionally expensive, i.e., a work that fulfills your need for creative self-expression.

Steps to Transitioning to a Work You Love

Here are the basic steps I took to go from working at a job I hated to a work that fulfills my need for creative self-expression.

  • Stop spending your money (time receipts) on instant gratifications. These only result in emotional net-losses, which in turn increases the need for even more instant gratification. If left unchecked, this viscous cycle can lead to emotional bankruptcy.
  • Work to lower your cost of living. The lower your cost of living, the more you are free to choose a work based on how well it suits you (talents, abilities, values, and genuine interests) instead of on how much it pays.
  • Use the savings from #1 and #2 to first pay off high-interest debt, and then to increase your savings. As the calculator on this page will show you, saving small portions of your money (time) now, can greatly increase the amount of discretionary time you have in the future.
  • Invest a significant portion of your discretionary time in discovering and learning a different, more self-fulfilling work. Use your past experiences as a guide to create a blueprint for what you believe to be your perfect work, and then begin to pursue that work on a volunteer and/or "pay as you go" basis. That way if you're wrong you won't be trapped by debt and fixed expenses.

Once you make the transition from a work you hate to a work that satisfies your need for creative self-expression, it's like putting your personal financial management on auto-pilot.

When you love your work you will do whatever it takes to preserve your freedom to continue working at it, and the once strong urges to indulge in instant gratifications will naturally decline to manageable levels.

You, Not Your Employer, Determines How Much You Earn

If you spend the entire net proceeds from one hour of work on an expendable product or service or on a depreciating asset, you will have effectively limited your earnings to your hourly wage.

On the other hand, as the Time Value Calculator will show you, if you invest the proceeds from one hour of work, you could double, triple, or quadruple (or more) your earnings from that one hour of work.

So the next time you feel the need to ask for a raise, remind yourself that the person who has the authority to grant you biggest pay raise is the person you see staring back at you in the mirror.

Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.