Compound Interest Calculator
Have you ever wondered how your savings can grow faster than you expect? That's the magic of compound interest! It's like earning interest on top of your interest, making your money work harder for you.
This calculator helps you see the magic in action. It shows you how your money can grow over time, thanks to the power of compound interest!
Starting amount
The is the amount of money you plan on starting with. Set this to $0 if you're starting from scratch. Otherwise, enter the amount of money you'll start investing with.
Additional investments
Building long term wealth is about investing consistently. Enter the amount of money you plan on investing on a regular basis (each month or each year).
Additional investments frequency
How often will you make these additional investments? I recommend setting up recurring transfers so that these additional investments happen automatically.
Investment Duration (in years)
How long would you like to continue investing for? Remember, the longer you continue to invest, the more time the power of compound interest has to work its' magic!
Estimated Interest Rate (%)
This is the interest rate you plan to get from your investments each year. For reference, the S&P 500 has averaged an annual return of 10% for the past 100 years.
?
You will have invested a total of ? and made ? through compound interest.
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