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Calculator · Savings & Retirement

Compound Interest Calculator

What regular contributions become over time once compounding does the work.

Read the how-to
The formula

How this number is built

FV = P(1 + r/n)nt + contributions compounded each period
Step by step

Doing it by hand

Step 1

Enter what you already have as the starting amount.

Step 2

Add the contribution you can genuinely sustain every month, not an aspirational one.

Step 3

Use a conservative return — long-run diversified equity returns are commonly modelled between 6% and 8% nominal.

Step 4

Set the time horizon; this is the input with the largest effect on the outcome.

Step 5

Check the inflation-adjusted figure, because that is what the money will actually buy.

Questions

What people ask next

Does compounding frequency matter much?

Less than people expect. Moving from annual to monthly compounding adds a small amount; the contribution rate and time horizon matter far more.

Should I use nominal or real returns?

Model nominal and then look at the inflation-adjusted line. Mixing the two in one input is the most common error here.

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