Compound Interest Calculator

    Calculate how your investments can grow over time with compound interest

    Enter Your Investment Details

    How To Use

    1

    Enter Initial Investment

    The amount you're starting with today.

    2

    Set Annual Contribution

    How much you'll add to your investment each year.

    3

    Input Interest Rate

    The annual percentage your investment is expected to earn.

    4

    Choose Time Period

    How long you plan to invest (in years).

    5

    Select Frequencies

    How often interest compounds and how often you contribute.

    Key Terms

    • Compound Interest:

      Interest calculated on both the initial principal and the accumulated interest over time.

    • Principal:

      The original sum of money invested or borrowed.

    • Contribution:

      Additional money added to the investment over time.

    • Compounding Frequency:

      How often interest is calculated and added to your balance.

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