Compound Interest Calculator

See how your savings or investment grows over time with compound interest.

Results are estimates for information only, not financial or tax advice.

How it works

Monthly growth rate = (1 + r/n)^(n/12) - 1, where r is the annual rate and n the compounding periods per year. Each month: balance = balance x (1 + monthly rate) + contribution (added at month end).

Frequently asked questions

What is compounding?

Earning interest on both your original money and previously earned interest.

Does frequency matter?

Slightly. More frequent compounding gives a marginally higher balance.

Are taxes and inflation included?

No. Returns are pre-tax and not adjusted for inflation.

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