Compound interest calculator
Calculate the future value of your savings or investments if they are based on compound interest like savings accounts or investments that have a fixed interest rate. This calculator can also be used to estimate the future value of investments like ETFs or index funds.
Compound interest calculator
TL;DR
- Calculate the final amount of your investment
- Input the initial investment.
- Input the interest rate.
- Input the compounding period.
- Input the duration of the investment.
- Click calculate to see the result.
How it works
When you want to invest your money, you can choose to invest in a savings account, a certificate of deposit, or a mutual fund. Each of these has its own risks and rewards. This tool calculates the final amount of your investment based on the initial investment, the duration of the investment, the interest rate, and the compounding period.
The compounding period is the frequency at which the interest is added to the investment. For example, if the compounding period is monthly, the interest is added to the investment every month. This can affect the final amount of your investment significantly.
The interest rate indicates how much your investment will grow. This usually is expressed as a percentage per year. The higher the interest rate, the more your investment will grow.
The initial investment is the amount of money you invest.