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EVERYDAY ANSWERS, MADE SIMPLE

Compound Interest Calculator

Project growth of an initial balance with a selected compounding frequency and optional monthly contributions.

  • ✓ 100% Free
  • ◎ Accurate Results
  • ϟ Easy to Use
  • ▣ Works on All Devices
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Compound Interest Calculator

Project savings and investments with compound growth, optional monthly contributions, and clear interest breakdowns.

Enter investment details and calculate compound growth.

How to Use

Enter the principal, annual rate, time period, compounding frequency, and monthly contribution. Review future value, contributions, and interest separately.

Formula and interpretation

Without deposits, A = P × (1 + r / n)^(n × t). Contributions use the equivalent monthly growth rate and are treated as end-of-month deposits. The annual rate r is expressed as a decimal.

Example

1,000 at 10% compounded annually for two years becomes 1,210 without additional deposits. This assumes a constant rate and excludes fees and taxes.