Compound Interest Calculator
Compound Interest Calculator – Grow Your Savings Over Time
This Compound Interest Calculator helps you estimate the future value of your investments or savings by applying the power of compounding. Simply enter your principal, interest rate, duration, and compounding frequency.
Whether you're saving for retirement, planning for college, or investing in long-term goals, this tool gives you a clear picture of how your money will grow over time.
- Calculate compound interest with customizable inputs
- Supports monthly, quarterly, semi-annual, and annual compounding
- Displays total interest earned and final balance
- Useful for financial planning, loans, and savings projections
- Completely free, fast, and browser-based
Use this calculator to make smarter financial decisions and optimize your savings strategy for maximum returns.
Frequently Asked Questions (FAQ)
What is compound interest?
Compound interest is the interest calculated on both the initial principal and the accumulated interest from previous periods. It helps your money grow faster over time compared to simple interest.
How often is interest compounded?
Interest can be compounded on different schedules: annually, semi-annually, quarterly, monthly, weekly, or even daily. The more frequent the compounding, the greater the interest earned.
Does this calculator include taxes or inflation?
No. This tool provides a pure compound interest projection and does not account for taxes, inflation, or fees. You can factor those in manually if needed.
Is this tool suitable for retirement planning?
Yes. You can use it to estimate the future value of retirement savings, 401(k) plans, IRAs, or any long-term investment account using consistent contributions and interest.