šŸ’° SmartMoneyCalcs

Compound Interest Calculator šŸ“ˆ

Watch your savings grow over time.

Your numbers

Compounding frequency
Future balance
You put in
Interest earned
Growth multiple
ā— Contributionsā— Interest

How to use this calculator

1

Enter your starting amount (zero is fine).

2

Add a monthly contribution if you'll add to it.

3

Pick an annual interest rate and number of years.

4

Choose a compounding frequency (monthly is most common).

5

See your future balance, contributions, and total interest.

Calculation method

We use the standard compound interest formula with periodic contributions: FV = P Ɨ (1 + r/n)^(nĀ·t) + PMT Ɨ ((1 + r/n)^(nĀ·t) āˆ’ 1) Ć· (r/n). P is principal, PMT is the per-period contribution, r is annual rate, n is compounding periods per year, t is years. We translate monthly contributions to the chosen compounding frequency.

Data source: Standard time-value-of-money mathematics.

Last data update: May 24, 2026

Worked examples

Early starter

$1,000 Ā· $200/mo Ā· 7% Ā· 30 yr

ā‰ˆ $245,000

Interest dwarfs contributions over a long horizon.

Catch-up saver

$10,000 Ā· $500/mo Ā· 6% Ā· 15 yr

ā‰ˆ $170,000
Safety saver

$5,000 Ā· $100/mo Ā· 4% Ā· 10 yr

ā‰ˆ $22,000

Frequently asked questions

No. Results are pre-tax. In a Roth IRA, HSA, or 529 the impact for many users is small; in a taxable brokerage account the actual after-tax result is lower.

Interest gets added to your principal more often, so each subsequent compounding period earns interest on a slightly larger base.

No. Real returns vary. Use this tool to compare scenarios, not to predict.

This shows what a given plan grows to. The Savings Goal Calculator works backwards from a target to find the monthly amount you need.

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Personal finance disclaimer. Personal finance calculations are educational tools. Actual financial outcomes depend on many factors. SmartMoneyCalcs is not a financial advisor — consult with a Certified Financial Planner for personalized advice.
Last updated: May 24, 2026