Inflation calculator: what your euros will be worth

The real value of money is its nominal value divided by accumulated inflation: real value = amount ÷ (1 + inflation)^years. At a constant 3%, €1,000 kept for ten years buys what about €744 buys today, because 1.03^10 ≈ 1.344. The invested line applies the chosen return first and then the same deflator.

What matters for your purchasing power is the real return: (1 + nominal return) ÷ (1 + inflation) − 1. A 7% return with 3% inflation is about 3.9% in real terms, not 4%. A deposit paying less than inflation loses purchasing power even though the balance grows.

The European Central Bank targets 2% over the medium term, and euro-area inflation averaged somewhat below 2% between 1999 and 2020. It is not stable: in October 2022 it exceeded 10%. Try several rates to see a range instead of a single number. The rule of 70 gives a quick estimate: at 3% prices double in about 23 years.

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