This free compound interest calculator allows you to see the impact of compound interest on your long term investment. The calculator takes your investment or savings amount, interest rate before compounding, and investment duration to calculate the daily, weekly, monthly, quarterly, semi-annual, and annual effective interest rate. The calculator also returns the future value of the investment at each of the compounded interest rates
Results
| Initial Amount | $1,000 |
|---|---|
| Total Additional Contributions | $0 |
| Total Interest | $0 |
| Final Amount | $0 |
Calculator Definitions
The variables used in our online calculator are defined in detail below, including how to interpret the results.
Investment or Savings Amount ($)
This is the original long-term investment or savings account amount that you'd like to analyze with this calculator.
Interest Rate Before Compounding (%)
This is the percentage interest rate, before any compounding is applied.
Investment Duration (Years)
This is the duration of the investment or savings. For example, you may have a four year Certificate of Deposit, or CD, with a local bank.
Effective Compound Interest Rates (%)
This next series of values represent the compound interest rate, stated in percentages, for each of the compounding terms. For example, we're showing the results for daily, weekly, monthly, quarterly, and semi-annual compound interest rates along with the annual rate of interest.
Future Value With Compounding ($)
Finally, this calculator shows you the effect of compounding on your investment by figuring out the future value, in dollars, of your original investment at each of the compounding interest rates.
Compound Interest Calculator
Disclaimer: These online calculators are made available and meant to be used as a screening tool for the investor. The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances. You should always obtain personal advice from qualified professionals.
Read More:
Additional Resources
- This IRA recharacterization calculator can be used to estimate the recharacterization amount in a given tax year. The calculator requires four inputs: the IRA starting balance, adjustments to that balance in the computation period, the amount to be recharacterized, and the IRA closing balance. Using this information, the calculator will figure out the adjusted opening balance, net income, and recharacterization amount.
Moneyzine EditorDecember 16th, 2024 - This minimum required distribution calculator can help you estimate your MRD for a traditional IRA, 401k, and 403b plan. By entering your current age, retirement account balance, and an expected return on investment for the account, this calculator provides an estimate of your current and future minimum required distribution payments.Moneyzine EditorOctober 4th, 2023
- This CSRS retirement calculator can help you figure out your retirement benefits under the Civil Service Retirement System. Using your age at retirement, years of service, unused sick days and High-3 salary, this CSRS calculator will provide you with an estimate of your Basic Annual Annuity, Annuity with Survivor benefits, and the Survivor Benefits themselves, if they apply. The technical description for the formula used by this CSRS calculator is the "General Formula."Moneyzine EditorOctober 4th, 2023
- This calculator can help you compare the future value of your Social Security benefits under different retirement age scenarios. The calculator can accommodate three retirement ages (early, normal, and delayed), along with the expected annual benefit at each age. Using this information, along with a projected ending age to collect benefits, the tool can provide the future value of each option.Moneyzine EditorDecember 16th, 2024
- This annuity calculator can help you figure out the fixed payments you'll receive from this type of retirement investment over time. The calculator uses the starting principal balance, the interest rate received on the annuity, and the payment period to calculate annual annuity payments. The calculator also displays the declining balance of the investment over time.Moneyzine EditorDecember 16th, 2024
