📈 Compound Interest Calculator

See how your savings grow over time with compound interest and regular deposits.

Final balance—
Total deposited—
Interest earned—
Your depositsInterest
Show year-by-year growth
YearDeposits to dateInterest to dateBalance

How to use this calculator

Enter what you are starting with, how much you will add each month, the expected yearly return and how many years you plan to save. The calculator shows your final balance and how much of it comes from interest.

The compound interest formula

For a single deposit, the future value is:

A = P × (1 + r/n)^(n × t)

where P is the starting amount, r the yearly rate as a decimal, n the number of compounding periods per year and t the number of years. With monthly contributions, each deposit grows for the time remaining. This calculator simulates every month so any compounding frequency works correctly.

Why starting early matters

Time is the biggest driver of compound growth. Saving 100 a month at 8% for 10 years grows to about 19,000. Keep the same habit for 30 years and it grows to roughly 150,000, even though you only deposited 36,000. Most of that balance is interest earned on earlier interest.

The Rule of 72

A quick mental shortcut: divide 72 by your yearly interest rate to estimate how many years it takes to double your money. At 8%, money doubles in about 9 years. At 12%, about 6 years.

Frequently asked questions

What is compound interest?
Compound interest is interest earned on both your original money and on the interest it has already earned. Over long periods this snowball effect makes balances grow much faster than simple interest.
How often should interest compound?
More frequent compounding (monthly or daily) gives a slightly higher result than yearly compounding at the same rate. The difference is usually small compared with the effect of the rate and the time invested.
Are monthly contributions added at the start or end of the month?
This calculator adds contributions at the end of each month, which is the most common and slightly conservative assumption.
Does this include inflation or taxes?
No. Results are before tax and inflation. To estimate the real value, subtract the expected inflation rate from your interest rate.