Compound Interest Calculator

Calculate the future value of your investments with the power of compound interest.

Currency

Initial Investment

Monthly Contribution

Interest Rate (%)

Time Period (Years)

Contribution Timing

End of Month (Default)Beginning of Month

How Compound Interest Works

Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Frequently Asked Questions

How is compound interest calculated?

Compound interest is calculated by applying the interest rate to the principal amount plus any accumulated interest.

What is the difference between simple and compound interest?

Simple interest is based only on the principal amount, while compound interest is based on the principal plus the interest that has already accumulated.