Compound Interest Calculator
Calculate the future value of your savings or investments. See how compound interest and regular contributions can significantly grow your money over time.
Future Value
$0.00
Total Principal Contributed
$0.00Total Interest Earned
$0.00How to Use the Compound Interest Calculator
Compound interest is the interest you earn on both your initial money and the interest it has already earned. This powerful tool helps you visualize its effect on your savings or investments.
- Initial Principal Amount: Enter the starting amount of your investment.
- Monthly Contribution: Add the amount you plan to contribute each month. Leave at 0 for a single lump-sum investment.
- Annual Interest Rate: Input the expected annual interest rate as a percentage (e.g., enter 7 for 7%).
- Time in Years: Enter the total number of years you plan to invest.
- Compound Frequency: Select how often the interest is calculated and added to your principal (e.g., monthly, annually).
- View Your Growth: The results update automatically, showing the total future value, how much you contributed, and the total interest earned.
