Compound Interest Calculator

$
%
$
Final Balance
Total Interest Earned
Total Contributions
Initial Principal
Contributions
Interest Earned

Year-by-Year Growth

Principal
Contributions
Interest

How to Use

1

Enter your initial investment amount

2

Set annual interest rate and compound frequency

3

Optionally add monthly contributions

4

Click Calculate to see growth over time

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How to Use Compound Interest Calculator

  1. 1
    Enter the principal amount
    Type the initial investment or deposit amount.
  2. 2
    Set the annual interest rate
    Enter the interest rate as a percentage per year.
  3. 3
    Choose compounding frequency
    Select how often interest is compounded: daily, monthly, quarterly, or annually.
  4. 4
    Enter the time period
    Specify the number of years to calculate growth.
  5. 5
    View the growth chart
    See the final balance, total interest earned, and a year-by-year growth chart.

Features

Use Cases

Savings account growth projection

See how much a savings account balance grows over 5, 10, or 20 years at a given interest rate.

Investment return estimation

Estimate the future value of an investment assuming a fixed annual return rate compounded over time.

Retirement planning

Project the growth of retirement savings to understand if your current savings rate will meet your goals.

Compare compounding frequencies

See the difference in final balance between monthly vs. daily vs. annual compounding for the same rate.

Understand the power of compound interest

Students and learners can visualize how compound interest accelerates over long time periods.

Frequently Asked Questions

Q: What is the compound interest formula?

A = P(1 + r/n)^(nt), where A is the final amount, P is principal, r is annual rate, n is compounding frequency per year, and t is time in years.

Q: What is the difference between simple and compound interest?

Simple interest is calculated only on the principal. Compound interest is calculated on the principal plus accumulated interest, causing exponential growth.

Q: Does it account for additional contributions?

This tool calculates compound interest on a single initial deposit. For recurring contributions, use a dedicated savings calculator.

Q: Is my data sent to a server?

No. All calculations are performed in your browser.

Q: What compounding frequency gives the best returns?

Daily compounding yields the highest returns for the same annual rate, though the difference between daily and monthly is small for typical rates.

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