Compound Interest Calculator

See how your investments grow over time with compound interest

Investment Parameters
Growth Projection
Your Results

Final Balance

$300,851

Total Contributions

$130,000

Interest Earned

$170,851

Your investment of $10,000 with $500 monthly contributions will grow to $300,851 over 20 years at 7% annual return.

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Understanding the Concept

Compound interest is the interest calculated on the initial principal and accumulated interest. It's one of the most powerful concepts in personal finance, allowing your money to grow exponentially over time.

Tips to Optimize

  • Start investing as early as possible to maximize compound growth
  • Increase contribution amounts whenever you get a raise
  • Reinvest dividends and interest to accelerate growth
  • Be patient - compound interest works best over long periods