Compound Interest Calculator
Estimate how a starting balance and recurring contributions can grow over time using compound interest.
Future value$50,969.84
Total contributions$34,000.00
Interest earned$16,969.84
View year-by-year growth
| Year | Estimated balance |
|---|---|
| 1 | $13,083.89 |
| 2 | $16,357.99 |
| 3 | $19,834.03 |
| 4 | $23,524.46 |
| 5 | $27,442.51 |
| 6 | $31,602.21 |
| 7 | $36,018.48 |
| 8 | $40,707.14 |
| 9 | $45,684.97 |
| 10 | $50,969.84 |
This illustrates compound growth using the values entered. Actual investment returns are not guaranteed.
How to use the Compound Interest Calculator
- Enter the starting amount.
- Enter the annual interest rate and number of years.
- Choose the compounding frequency.
- Optionally add recurring contributions and choose whether they occur at the beginning or end of each period.
Examples
Investment growth
Estimate how $10,000 plus recurring monthly contributions may grow over ten years.
Frequently asked questions
Is the Compound Interest Calculator free to use?
Yes. You can use the tool without creating an account.
Does the calculator guarantee an investment return?
No. It illustrates mathematical compound growth using the values you enter. Actual investment returns can vary.
Does this tool work on a phone?
Yes. The interface is designed to work on phones, tablets and desktop browsers.
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