Compound Interest Calculator

Calculate the future value of an investment with compound interest.

Loading...

Features

Future Value Projection

Calculate the future value of your savings or investments.

Compounding Frequency

Choose how often interest is compounded (daily, monthly, annually, etc.).

Detailed Breakdown

See the total interest earned over the investment period.

About Compound Interest Calculator

The Compound Interest Calculator helps you visualize the growth of your money over time. By inputting your initial principal, interest rate, and compounding frequency, you can see how compound interest significantly boosts your savings compared to simple interest. It's a powerful tool for planning long-term investments.

How to Use Compound Interest Calculator

  • 1
    Enter Principal

    Input your initial Principal Amount.

  • 2
    Set Rate & Time

    Input the annual Interest Rate and the Time Period in years.

  • 3
    Select Frequency

    Choose the Compounding Frequency (e.g., Monthly).

  • 4
    View Results

    The calculator will show the Total Amount and Total Interest Earned.

Frequently Asked Questions

Simple is on principal only; compound is on principal + accumulated interest.
More frequent (e.g., daily) yields higher returns over time due to faster accumulation.
No, this calculates nominal future value. You may want to subtract estimated inflation from your rate for a real value.
Use the 'Rule of 72': divide 72 by your annual interest rate to get the approximate number of years.
It's excellent for savings but costly for debt (like credit cards), where interest builds on interest that you owe.
APR is the annual rate without compounding; APY (Annual Percentage Yield) includes the effect of compounding.