Real Return Calculator — Inflation-Adjusted Return

Calculate your inflation-adjusted (real) return and the purchasing power of your investment.

Formula

Real return = (1 + nominal return) / (1 + inflation) − 1; future real value = amount × (1 + real return)^years

Examples

InputResult
8% return, 3% inflation, 10 yrs, $10,0004.85% real return · $16,064 in today's money
7% return, 2.5% inflation, 20 yrs, $10,0004.39% real return · $23,616 in today's money
5% return, 4% inflation, 5 yrs, $10,0000.96% real return · $10,490 in today's money

Frequently Asked Questions

Why adjust returns for inflation?

Because a 5% gain during 4% inflation leaves only about 1% of extra purchasing power. Real return is what actually improves your standard of living.

Is simple subtraction (return − inflation) accurate?

It is a close approximation for low rates, but the exact formula divides (1 + nominal) by (1 + inflation), which is what this calculator uses.

Does this include taxes and fees?

No. To get your true net real return, subtract taxes and fund fees from the nominal return before entering it.

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Disclaimer: This calculator is for informational and educational purposes only and does not constitute financial, investment, tax or legal advice. Results are estimates — actual returns, rates and terms vary. Consult a qualified financial professional before making financial decisions.