Compound Calculator Guide
Our compound interest calculator helps you visualize how your money can grow over time. Follow these steps to get the most accurate results:
How to Use the Calculator
- Enter your initial investment: The amount of money you’re starting with.
- Set the annual interest rate: Use a percentage (e.g., 5 for 5%).
- Choose the compounding frequency: Options include yearly, quarterly, monthly, etc.
- Specify the time period: How many years you plan to invest or save.
- Add regular contributions (optional): Enter how much you plan to add each period.
- Click “Calculate”: View your results in the summary, chart, and table.
Example Scenario
Example: Start with $1,000, add $100 per month, at 6% annual interest compounded monthly, for 10 years.
Result: Your investment grows to $16,388.93
Result: Your investment grows to $16,388.93
Tips for Best Results
- Try different scenarios to see how small changes impact your results.
- Use the PDF download to save or share your results.
- Check the glossary for definitions of any unfamiliar terms.