Our powerful Compound Interest Calculator lets you easily calculate the future value of your investments. Whether planning savings, comparing interest rates, or visualizing your money’s growth over time, this tool is designed for everyone—from students to investors.
What Is Compound Interest?
Compound interest is the process where your money earns interest, and then that interest in turn earns interest. Unlike simple interest, which only pays interest on the original amount, compounding accelerates your growth by adding accumulated interest back into your principal for each calculation period.
Example:
If you invest $1,000 at 5% annual interest, compounded monthly, your money grows faster than with simple interest, thanks to the “interest on interest” effect.
About This Calculator
Features:
- Multi-Currency Support: Toggle between ₹, $, €, £, ¥, ₩, and more.
- Flexible Compounding: Select yearly, quarterly, monthly, or daily compounding.
- Savings Goal Estimator: Calculate the required principal or rate to reach a target.
- Dynamic Growth Chart: Visualize your investment’s yearly growth.
- Year-by-Year Table: See balances for every year.
- Export Options: Download results as CSV for sharing or analysis.
- Info Tooltips: Every financial concept is simply explained.
Benefits:
- Instantly see how much your investment can grow.
- Plan for financial milestones by reverse-engineering savings or interest goals.
- Educate yourself about the power of compounding interest with interactive, visual learning.
Why Is Compound Interest Important?
- Wealth Building: It’s the secret behind long-term growth in savings, retirement, and mutual funds.
- Goal Planning: Understand how to reach a desired future balance—whether saving for college, buying a home, or building a retirement fund.
- Comparing Products: Make smarter decisions about where to invest by comparing banks, accounts, and interest offers.
Example Scenarios
- How much will my ₹10,000 grow in 5 years at 8%?
- What interest rate is needed to reach a $50,000 goal in 10 years?
- What’s the difference in final amount if I compound yearly versus monthly?
Try these scenarios yourself with the calculator right on the page!
