Compound Savings Calculator
Discover how much money you can accumulate using the power of compound interest.
Initial investment refers to the money that you are starting with. They can be cash, deposits, saving accounts, retirement plan, stocks, bonds, and/or other investments.
The amount of money that you plan to add every single month to increase your investment.
Estimated Interest Rate
Assuming that your current savings are invested in assets that produce recurring income, what is your yearly interest rate?
Length of Time
The amount of years that you want to run the calculations for. With compound savings, the results are more visible after 10 years when the interest earned starts to grow considerably compared to your contributions.
What is Compound Interest?
Compound interest is interest earned on previously earned interest. It's a basic financial concept worth understanding because it has the power to significantly increase your wealth.