This is the 303rd most frequent Dutch word.
toekomst
Future.
Here, 'toekomst' is used as a time noun referring to the general concept of upcoming time.
In de toekomst hoop ik een betere wereld te zien.
In the future, I hope to see a better world.
In this sentence, 'toekomst' specifies a personal future as the context of someone's plans.
Zijn plannen voor de toekomst klinken erg ambitieus.
His plans for the future sound very ambitious.
The use of 'toekomst' here denotes the abstract idea of what is to come influenced by certain factors like technology.