Compound Interest Calculator – See Your Investment Growth

How to Use the Compound Interest Calculator

Want to see how your money can grow over time? Compound interest is the secret to maximizing savings and investments. Unlike simple interest, which only applies to the initial deposit, compound interest allows you to earn interest on both your principal and accumulated earnings. Use our compound interest calculator to visualize how your savings or investments will grow based on your contributions, interest rate, and compounding frequency.

Input Your Savings Details:

• Initial Balance or Deposit ($): Enter the starting amount you’ve already saved.
• Annual Savings Amount ($): Input how much you plan to contribute each year.
• Annual Increase in Contributions (0% to 10%): Choose a percentage if you plan to increase your contributions each year (optional).
• Number of Years for the Analysis (1 to 50): Set how long you want to track your savings growth.
• Before-Tax Return on Savings (-12% to 12%): Enter your expected annual return rate based on investment or savings account performance.
• Once all the information is entered, click Calculate

Once you enter your details, the calculator will display:

• Total Future Balance: Your estimated savings at the end of the chosen period.
• Total Contributions Made: The total amount you’ve deposited over time.
• Total Interest Earned: The additional growth from compound interest.
• Growth Over Time Breakdown: A year-by-year projection of how your savings will accumulate.