Compound Interest Calculator
This is one of the best free simple compound interest calculators to help you estimate how much your investment will be worth at the end of the specified compounding period. Simply enter your initial investment amount (principal), the interest rate percentage details, and the years for it to compound, then hit calculate. This will help you figure out how much money you will have if you have over time if your money compounds yearly.
Compound interest is the interest that is paid on your initial investment and the money that was earned from that initial investment as long as it was reinvested back into the same investment account. For example, if my initial investment was $100, and I got 5% on my investment the first year, then reinvested that 5%, the next year I would get 5% interest on $100 + $5 I reinvested. You can see how that would continue to grow much more than simple interest on my $100 alone. Most retirement, savings and investment accounts use compound interest, unless you remove your earnings from your investment account.
Amount of Money
This is your initial investment amount or savings account balance.
Interest Rate (%)
This is the rate of return you expect to receive on your money in the investment, savings or retirement account.
Number of Years to Compound
This represents the duration of your investment in years.
This simple tool calculates your compound interest yearly. However, you may be interested in calculating your future value with daily, weekly, bi-weekly, monthly and quarterly compounding interest. We plan on adding those advanced calculations in the future, so be sure to bookmark this page and check back for feature updates.
Although we make every effort to provide you with helpful and accurate information, this tool should not be considered legal advice. Please seek the advice of a qualified financial advisor to get the most accurate information as it pertains to your particular circumstances.
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