Peanut Butter Fudge with Condensed Milk (2024)

Published: · Modified: by Prajakta Sukhatme · This post may contain affiliate links · 12 Comments

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This 3-ingredient Peanut Butter Fudge with condensed milk is luxuriously rich, creamy and decadent. It also is easiest to make homemade fudge ever. You will love the delicious peanut butter flavor and irresistibly smooth, melt-in-the-mouth texture of this no bake dessert!

Peanut Butter Fudge with Condensed Milk (1)

If you love peanut butter then this recipe is a sure shot winner ! Definitely also try our 3-ingredient Almond Flour Peanut Butter Cookies. If you love fudge, our 4-ingredient Chocolate Fudge and Indian Milk Fudge with Rose Petals are a must try too !

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  • Ingredients
  • How to Make
  • Pro Tips
  • Recipe FAQs
  • Other No Bake Dessert Recipes
  • 📖 Recipe

This creamy Peanut Butter Fudge uses basic, inexpensive and simple pantry ingredients. It makes excellent homemade holiday gifts. Similar to Chocolate Peanut Clusters, Peppermint Bark and Chocolate Dipped Pretzels, it is our family favorite Christmas and Holiday gift.

I am including instructions to make this amazing no bake peanut butter fudge in microwave, on stove top and using Instant Pot as a double boiler. It only needs 10 minutes of preparation time. You need to let it set in the fridge for few hours which is however inactive time.

Ingredients

Peanut Butter Fudge with Condensed Milk (2)
  • Chocolate Chips : I prefer to use white chocolate chips to make this fudge. You can also use milk chocolate or even dark chocolate chips however, it will look different. Candy melts also work.
  • Peanut Butter : Creamy and salted peanut butter is my favorite for making the smooth and velvety fudge. If you notice a layer of oil on top of the peanut butter jar, remove the oil before using otherwise, fudge won’t set properly.
  • Condensed milk : It adds sweet milky taste and smooth creamy texture to this decadent fudge.
  • Optional : You can stir in vanilla extract for additional flavor.

Helpful hint : Evaporated milk does NOT work for this recipe. The mixture will get too runny and will not set. Make sure to use condensed milk only.

How to Make

There are two parts of making the fudge. First is to melt the chocolate to smooth mixture and mix in all the ingredients and second step is to set the fudge.

I am including detailed instructions to melt the chocolate chips in microwave as well as in Instant Pot double boiler. Either method works but I prefer to use Instant Pot for making larger batch.

Start of by lining a baking dish with parchment paper. For even shape and size, use a square pan typically 8*8 inches.

1. Melt the white chocolate chips to smooth runny mixture. You can use a microwave-safe bowl, saucepan or do it in Instant Pot.

2. Add peanut butter and combine very well.

3. Heat up the mixture so the chocolate and peanut butter is smoothly mixed together.

3. Stir in condensed milk. Mix well so that all the ingredients are completely combined and mixture is smooth without lumps.

Peanut Butter Fudge with Condensed Milk (3)

Pour fudge mixture in the prepared dish and spread it evenly. Put it in refrigerator and let it chill for few hours.

Peanut Butter Fudge with Condensed Milk (4)

Using a sharp knife, slice the fudge into desired shape. Enjoy !

Peanut Butter Fudge with Condensed Milk (5)

Pro Tips

This old-fashioned fudge recipe reminds me of grandma’s kitchen. Similar to Hot Milk Cake, this amazing fudge is classic, vintage sweet treats and uses just a short list of ingredients.

It is very important to line your baking dish with wax paper or parchment paper. Otherwise you won’t be able to get your fudge out. I do not recommend using aluminum foil either.

Even though, you don’t need candy thermometer for this easy peanut butter fudge recipe, make sure not to over-heat peanut butter while mixing. It will release excess oil and fudge will get grainy and will not set properly.

Once you combine all the ingredients, you have to stir it with reasonable force. The mixture is thick and hard to combine and difficult to pour. So use your arm muscle power to get the job done!

Recipe FAQs

Can I use evaporated milk instead of condensed milk in fudge?

No. For this recipe to work properly, you need to use condensed milk only. Evaporated milk is thinner milk while condensed milk is thick and creamy. Evaporated milk will not set properly to make pieces of fudge.

How to make the best peanut butter fudge?

The trick to good homemade fudge is toproperly mix all the ingredients at the right temperature. You do not want to overheat peanut butter since it will release excess oil and fudge will not set properly. Also cool the fudge mixture properly before you cut it. Perfect fudge should have smooth velvety soft texture but it should be firm enough so you can pick it up without it crumbling.

Does peanut butter fudge with condensed milk need to be refrigerated?

Peanut butter and condensed milk fudge will lastabout 2 weeks at room temperature. You must store it in an airtight container and keep it away from heat or direct sunlight. You can store it in refrigerator for up to a month. To store longer in the freezer, wrap the fudge in wax paper, place it in an air tight container and freeze it for 3-4 months.

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  • Almond Flour Mug Cake

❤ If you make this ProfusionCurry Recipe, do let us know how you like it by ⭐⭐⭐⭐⭐Star Rating and commenting below ! ❤

📖 Recipe

Peanut Butter Fudge with Condensed Milk (10)

Peanut Butter Fudge with Condensed Milk

Prajakta Sukhatme

Luscious peanut butter fudge is decadent rich, velvety smooth, and sweet – and the secret ingredient that makes it so luxurious is the condensed milk. This 3-ingredient peanut butter fudge is hard to resist no bake dessert.

5 from 16 votes

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Prep Time 5 minutes mins

Cook Time 5 minutes mins

Time to chill 2 hours hrs

Course Dessert

Cuisine American

Servings 16 pieces

Calories 97 kcal

Ingredients

Instructions

  • Line a rimmed baking sheet with wax paper or parchment paper. For even shaped and thick pieces use 8*8 square pan.

How to make Peanut Butter Fudge in Microwave

  • In a large microwave safe bowl, add the white chocolate chips and microwave for one minute at half power. Stir well until chocolate chips start to melt. Add Peanut butter and mix well. Continue microwaving for 15 second intervals stirring very well after each one. You should make a smooth combined mixture.

  • Stir in condensed milk and again mix well to combine everything well. Pour the mixture into the prepared baking sheet. Spread it evenly with the spatula and let it sit for 2-3 hours in the refrigerator before cutting it into pieces.

How to make Instant Pot Peanut Butter Fudge

  • Pour 2 cups of water in the instant pot liner. Turn the SAUTE mode on the normal setting. Place a trivet in the inner pot.

  • In a large stainless steel or glass bowl, put the white chocolate chips, peanut butter, and condensed milk. Place the bowl on the trivet to make it work as a double boiler.

  • Let the water come to boil. The heat will help melt the chocolate chips. Mix well with a spatula until everything is well combined.

  • Remove the bowl and pour the mixture into the prepared pan. Spread it evenly with the spatula and let it sit for 2-3 hours in the refrigerator before cutting it into pieces.

How to Make Peanut Butter Fudge on Stove top

  • In a medium sauce pan over medium low heat, combine the sweetened condensed milk and chocolate chips. Stir consistently until the mixture is smooth. Remove from the heat and stir in the peanut butter and mix well.

  • Pour the mixture into the prepared pan. Spread it evenly with the spatula and let it sit for 2-3 hours in the refrigerator before cutting it into pieces. Enjoy!

Notes

It is very important to line your baking dish with wax paper or parchment paper. Otherwise you won’t be able to get your fudge out.

Do not over-heat peanut butter while mixing. It will release excess oil and fudge will get grainy and will not set properly.

Once you combine all the ingredients, you have to stir it with reasonable force. The mixture is thick and hard to combine and difficult to pour. So use your arm muscle power to get the job done!

Storage :

This fudge will last about 2 weeks at room temperature. You must store it in an air tight container and keep it away from heat or direct sunlight. You can store it in refrigerator for up to a month. To store longer, wrap the fudge in wax paper, place it in an air tight container and freeze it for 3-4 months.

Nutrition

Serving: 1pieceCalories: 97kcalCarbohydrates: 4gProtein: 4gFat: 8gPotassium: 91mgSugar: 2gCalcium: 8mg

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Reader Interactions

Comments

  1. Laura

    Peanut Butter Fudge with Condensed Milk (15)
    I made this months ago, and it was fabulous! I had to fight my kids off of it, haha. I was just looking for the recipe to make it again and I’m so thankful I pinned it. I can’t wait to make it again! We definitely recommend this recipe 🙂

    Reply

  2. Patti

    For stove top steps, in the last line of step 1. you say “Remove from the heat and stir in the peanut butter and mix well.”
    Then the next line in step 2. is “Remove the pan from the heat and pour the mixture into the prepared pan.”
    Do you put the pan back on heat once you add the peanut butter and mix well and then go to step 2. or do you remove from heat, add peanut butter butter, mix well and pour into prepared pan?

    Reply

    • Prajakta Sukhatme

      No. You don;t need to reheat it after you add the peanut butter. Just mix it well and pour it for setting. We fixed the wording. Thanks

      Reply

    • Judy C

      Can you use crunchy peanut butter instead of creamy?

      Reply

      • Prajakta Sukhatme

        Yes you can. However, fudge will not be smooth.

        Reply

  3. Laura

    Peanut Butter Fudge with Condensed Milk (16)
    I made this on a whim because I had some condensed milk to use, and I thought peanut butter was a good plan for my kids since it has a little protein. Hehe! It just took a few minutes to whip up, and suddenly I’m a STAR to my teenagers! It is absolutely delicious!
    For a little part of it, I added some crushed Oreos too, and that was wonderful too. The original recipe is super addictive though. I usually have great self control, but I couldn’t stop eating this.

    Reply

    • Prajakta Sukhatme

      Ha Ha ! So happy to hear that. You deserve a indulgent treat and glad you liked it !!

      Reply

  4. Rowena Johanson

    Could you use almond bark instead of the chips?

    Reply

    • Prajakta Sukhatme

      Yes you could use almond bark.

      Reply

  5. Lee

    Peanut Butter Fudge with Condensed Milk (17)
    Easy and delicious!!

    Reply

    • Allison

      Can you do other flavors using the same recipe?

      Reply

      • Prajakta Sukhatme

        Yes you can. Which flavors are you thinking of making?

        Reply

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