Compound Interest Calculator
Compound interest is the 'eighth wonder of the world.' Our calculator helps you visualize how even small, consistent investments can grow into significant wealth over time. By reinvesting your earnings, your principal grows exponentially.
Adjust your starting balance, monthly contributions, and estimated return rate to find your path to financial freedom.
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How to Calculate Compound Interest
- 1
Enter your Initial Investment amount.
- 2
Set your Monthly Contribution and the expected annual Interest Rate.
- 3
Choose the Investment Duration in years and see the projected growth chart.
Success Tips
The Power of Time
The longer you leave your money to grow, the more powerful compounding becomes. Starting 5 years earlier can result in hundreds of thousands more at retirement.
Compounding Frequency
Our calculator assumes monthly compounding, which is common for most savings and investment accounts.
Frequently Asked Questions
What is compound interest?
It is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods.
Is this a promise of returns?
No, this is a mathematical estimation. Market returns fluctuate, but this tool helps you plan for long-term averages.
Why Use This Tool?
- ✓Interactive growth charts
- ✓Monthly contribution impact
- ✓Detailed yearly breakdown
- ✓Professional financial planning tool