What is Compound Interest Calculator?
Enter an initial investment, monthly contribution, annual return and period to see the final amount grown by compound interest and how it grows year by year. You can also check the ratio of contributions to earnings and when you'll reach a target amount.
How to use
- 1
Enter the initial amount, monthly contribution, annual return and period.
- 2
Choose the compounding frequency (monthly/yearly).
- 3
Check the yearly table and the final amount.
Use cases
Retirement planning
See what $500 a month at 6% for 20 years grows to.
Working back from a goal
Find out how long it takes to reach $100,000.
FAQ
Can I rely on the results as-is?+
They're estimates for reference. Actual amounts can differ with your circumstances and each institution's terms, so check with the institution or a professional before making important decisions.