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Calculators

Compound Interest Calculator

Project the future value of your savings or investments. Enter a starting amount, regular monthly contribution, interest rate and time to see how compound interest builds your balance.

Future value

144,572.72

Total invested

58,000.00

Total interest

86,572.72

Frequently asked questions

What is compound interest?

Compound interest is interest earned on both your original deposit and on the interest already added to it. Over time this 'interest on interest' effect accelerates the growth of your balance.

How does compounding frequency change the result?

The more often interest is compounded — daily, monthly, quarterly or annually — the more you earn, because interest is added to your balance sooner and starts earning interest itself. The difference is small over short periods but grows over many years.