Calculators/compound interest calculator

Compound Interest Calculator

See how money grows with compound interest and contributions over time, with a year-by-year breakdown. A compound interest calculator shows how money can grow over time when interest is reinvested. Add contributions to see how consistent saving interacts with compounding.

Inputs
$
$
%

Results

Ending balance
$145,180.47
Total contributions$58,000.00
Total interest$87,180.47
Approx. monthly rate0.5833%

Year-by-year growth

YearContributionsInterestBalance
1$12,400.00$815.88$13,215.88
2$14,800.00$1,864.23$16,664.23
3$17,200.00$3,161.86$20,361.86
4$19,600.00$4,726.80$24,326.80
5$22,000.00$6,578.36$28,578.36
6$24,400.00$8,737.26$33,137.26
7$26,800.00$11,225.74$38,025.74
8$29,200.00$14,067.59$43,267.59
9$31,600.00$17,288.39$48,888.39
10$34,000.00$20,915.51$54,915.51
11$36,400.00$24,978.33$61,378.33
12$38,800.00$29,508.35$68,308.35
13$41,200.00$34,539.34$75,739.34
14$43,600.00$40,107.52$83,707.52
15$46,000.00$46,251.72$92,251.72
16$48,400.00$53,013.58$101,413.58
17$50,800.00$60,437.75$111,237.75
18$53,200.00$68,572.11$121,772.11
19$55,600.00$77,468.00$133,068.00
20$58,000.00$87,180.47$145,180.47

How to use it

  • Enter starting principal and interest rate.
  • Choose a time horizon and compounding frequency.
  • Add recurring contributions if you want to model saving over time.
  • Review ending balance, total contributions, and interest earned.

Key formulas

Compound growth
FV = P × (1 + r/n)^(n×t)

FAQ

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Disclaimer

Educational estimates only. Not financial advice. Returns are not guaranteed.

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