Compound Interest Calculator

Calculate how your savings grow with compound interest. Adjust principal, rate, time, compounding frequency, and additional contributions.

Inputs

Results

Final balance
$34,581.90
Total contributions
$22,000.00
Total interest earned
$12,581.90

About the Compound Interest Calculator

Compound interest is interest earned on both your principal and on previously earned interest. Over long horizons, compounding is the engine behind nearly all wealth accumulation in savings, investing, and retirement accounts.

More frequent compounding (monthly vs. annually) modestly increases the final balance. Regular contributions, however, dramatically change the outcome — even small amounts added consistently can dominate the result.

Frequently asked questions

Interest calculated on the initial principal plus the accumulated interest from prior periods. The formula is A = P(1 + r/n)^(nt) for a lump sum.

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