Compound Interest Calculator

See how your money can grow over time!

Your initial investment.
How often you'll add to your investment.
These rates are approximate examples, just a reference point.
The length of your investment period.

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Interest Earned:

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Compound Interest Calculator

Visualize your investment growth instantly. See how compound interest multiplies your savings over time.

Get the Most from Compound Interest

Why Compound Interest is Your Financial Superpower

Compound interest isn't magic, but it might as well be. Itā€™s the process of earning interest on your initial savingsā€”and then earning interest on that interest, repeatedly. This exponential growth makes it one of the most powerful tools for building wealth over time.

Quick Tips to Maximize Compound Interest

  • Start Early: The earlier you begin investing, the more time your money has to compound.
  • Contribute Regularly: Regular investmentsā€”even small amountsā€”can dramatically boost your returns over the long term.
  • Be Patient: Compound interest is most powerful over extended periods, rewarding those who stay consistent.

Real-Life Impact of Compound Interest

For example, investing just $200 monthly at an annual growth rate of 7% could turn your contributions into over $120,000 in 25 years. Small, consistent contributions today can yield significant wealth tomorrow.

Frequently Asked Questions

Compound interest is the process of earning interest on both your original money and on the interest that accumulates, leading to exponential growth.

The more frequently interest compounds (monthly vs. yearly), the more your money grows due to interest earning interest more often.

Historically, average annual returns for long-term investments range from 5% to 8%. Choosing within this range will provide realistic scenarios.
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