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John 3:16
"For God so loved the world, that he gave his only Son, that whoever belives in him should not perish but have eternal life". ESV My emphasis.
ESV: "should not/me apoletai".
New American Bible: "might not".
NASB 1995: "shall not".
Douay-Rheims & Good News: "may not".
New American Standard Bible: "will not".
should not-should/ought. "Drivers should be careful. That nail should do the trick".
might not– This could be that not perishing is made possible. "We took money that we might [it was possible to] buy food".
shall not/will not-Not perishing is definitely going to happen to those who believe.
may not-"may" like "might" may be one thing making another possible. "I may drive a car as I have a licence". Not necessarily definite, "I may go to the shops but I may not".
Another question on this site looks at "perish".