About the Compound Interest Calculator
Compound interest earns interest on previous interest, which makes time the most powerful factor in saving. Enter a starting amount, rate, period and compounding frequency, then add regular monthly, quarterly or yearly contributions to see your projected balance year by year.
How to use it
- Enter initial investment, interest rate and number of years.
- Choose compounding frequency and optional contributions.
- Review the future value and yearly growth table.
Good to know
- Results are estimates for planning purposes and not financial, tax or legal advice. Lenders and tax authorities may calculate differently.
- Investment returns are not guaranteed; past average returns do not predict future results.
- Taxes and inflation are not included.