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Compound Interest Calculator

Free compound interest calculator. Enter principal, annual rate, compounding frequency (daily/weekly/monthly/quarterly/annually), years, and optional monthly contributions. See final amount, total interest, total contributions, and year-by-year growth. 100% browser-based.

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Final Amount
$170,619.05
After 20 yrs · 7% APR · monthly compounding
Total Contributions
$70,000.00
Total Interest Earned
$100,619.05
Year-by-Year Growth
YearBalanceInterest This Year
1$13,821.05+$821.05
2$17,918.32+$1,097.27
3$22,311.78+$1,393.46
4$27,022.85+$1,711.07
5$32,074.48+$2,051.63
6$37,491.29+$2,416.81
7$43,299.69+$2,808.39
8$49,527.97+$3,228.28
9$56,206.50+$3,678.53
10$63,367.82+$4,161.32
11$71,046.83+$4,679.01
12$79,280.95+$5,234.13
13$88,110.33+$5,829.37
14$97,577.98+$6,467.65
15$107,730.04+$7,152.07
16$118,616.00+$7,885.96
17$130,288.91+$8,672.91
18$142,805.65+$9,516.74
19$156,227.23+$10,421.58
20$170,619.05+$11,391.83

Compound Growth

Standard formula A = P(1+r/n)^(nt) + PMT × [((1+r/n)^(nt) − 1) / (r/n)] computes exact future value with regular contributions.

5 Frequencies

Choose compounding frequency: daily (365), weekly (52), monthly (12), quarterly (4), or annually (1). More frequent = slightly higher yield.

Regular Contributions

Add an optional monthly contribution — perfect for modeling recurring investments like $250/month into a retirement or savings account.

Year-by-Year Growth

See your balance and interest earned in each year of the investment horizon. Spot the snowball effect as compound growth accelerates over time.

What is compound interest?

Compound interest is interest earned on both the principal and previously-accumulated interest. The formula A = P(1+r/n)^(nt) captures the snowball effect, where n is compounding frequency and t is years.

How are monthly contributions handled with daily compounding?

Your monthly contribution is converted to a per-compounding-period amount (annual contribution ÷ periods per year). It then earns compound interest at the chosen frequency until the end of the term.

What compounding frequency should I use?

Most bank savings accounts compound daily or monthly. Investment accounts (stocks, ETFs) effectively compound at the asset's growth rate, often modeled annually. Use monthly as a reasonable default.

Does this calculator account for inflation or taxes?

No. This shows nominal growth. For real (inflation-adjusted) growth, subtract expected inflation from the rate. For after-tax growth, subtract your marginal tax rate from the interest earned.

Is my financial data private?

Yes. All calculations run entirely in your browser using JavaScript. Nothing is uploaded or logged.

Ready to use the Compound Interest Calculator?

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