Compound Interest Calculator
Discover the power of compound interest and see how your investments can grow over time with regular contributions and reinvested earnings.
Investment Details
Enter your initial investment, expected return rate, and contribution schedule to see your potential growth.
Starting amount you plan to invest
Expected annual return on your investment
How long you plan to invest
Additional amount invested each month
How often interest is calculated and added to your balance
Results
Understanding Compound Interest
Compound interest is often called the “eighth wonder of the world” because it allows your money to grow exponentially over time.
- Interest on Interest: You earn returns not just on your original investment, but also on previously earned interest
- Time is Key: The longer you invest, the more powerful compounding becomes
- Regular Contributions: Adding money regularly accelerates your wealth building
- Higher Frequency: More frequent compounding (daily vs. annually) increases your returns
Investment Tips
- Start Early: Even small amounts can grow significantly with time
- Be Consistent: Regular contributions are more important than large one-time investments
- Reinvest Dividends: Let your earnings compound by reinvesting them
- Stay Patient: Compound interest works best over long periods
- Consider Tax-Advantaged Accounts: ISAs, pensions, and other accounts can boost your returns
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