Compound Interest Calculator

See how your money grows with compound interest and regular deposits.

%
years
Formula: A = P (1 + r/n)^(n·t)
  • A = future value
  • P = principal (initial investment)
  • r = annual interest rate (decimal)
  • n = compounds per year
  • t = number of years

How to use the Compound Interest Calculator

  1. Enter your starting amount. Your initial investment or savings balance.
  2. Set rate, years & frequency. Your annual rate, time horizon and how often interest compounds.
  3. Add monthly deposits. Optionally include a recurring contribution to see the snowball effect.

Why use our Compound Interest Calculator

Project growth. See your future balance, total interest and total deposited at a glance.
Regular deposits. Add a monthly contribution to model real saving habits.
Any frequency. Compound yearly, quarterly, monthly or daily.

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  • Future value projection
  • Yearly breakdown
  • Monthly deposits
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About the Compound Interest Calculator

The Compound Interest Calculator projects how a lump sum, a stream of regular deposits, or both will grow over time once interest starts earning interest on itself. You enter a starting balance, an annual rate, how often interest compounds, the time horizon, and any recurring contributions, and the tool returns the future value alongside how much of that figure came from your own money versus earned interest. It is built for savers and investors who want a realistic picture of where a savings account, certificate of deposit, or steady investing habit could end up rather than a vague gut feeling about long-term growth.

Reach for this calculator whenever you are weighing a long-horizon decision: comparing two savings accounts with different APYs, deciding whether to add an extra fifty dollars a month to a retirement contribution, or checking how many years it takes a balance to roughly double. Because compounding rewards time more than almost anything else, the calculator is most useful early, when small changes to rate, contribution size, or start date produce surprisingly large differences decades out. It is equally handy for a reality check on optimistic projections, since it shows exactly how much of a headline number is genuine interest.

Under the hood the tool applies the standard formula A = P(1 + r/n)^(nt), where P is the principal, r is the annual rate as a decimal, n is the number of compounding periods per year, and t is the number of years. Each compounding period it adds the period's interest to the balance, then computes the next period on that larger figure. Regular deposits are layered in at their own schedule, so every contribution begins its own compounding run. Choosing daily versus monthly versus annual compounding changes n, and shorter periods earn slightly more, though the gap narrows at lower rates and on smaller balances.

Treat the results as a clean mathematical projection, not a forecast. The calculator assumes your rate stays fixed for the whole term and that contributions never miss, while real savings rates move, markets fluctuate, and inflation erodes purchasing power, so an actual outcome will differ. Taxes on interest are also not deducted. On privacy, every figure is computed in your browser using plain arithmetic; no balance, rate, or contribution amount is uploaded, stored, or shared, so you can model sensitive personal finances without leaving any data behind.

Frequently asked questions

What is the difference between compound and simple interest?

Simple interest is calculated only on your original principal, so it grows in a straight line. Compound interest is calculated on the principal plus all previously earned interest, so the balance accelerates over time, which is why people call it interest on interest.

Does compounding frequency really change how much I earn?

Yes, but usually by a modest amount. More frequent compounding (daily versus annually) earns more because interest is credited and re-invested sooner, though the advantage shrinks at lower rates and on smaller balances. The annual rate matters far more than the frequency.

How do regular contributions affect the result?

Each recurring deposit starts its own compounding journey from the day it is added, so consistent contributions often end up generating more growth than the initial lump sum. The calculator separates total contributions from total interest so you can see each clearly.

What interest rate should I enter?

Use the rate that fits your scenario: for a savings account or CD enter the APY shown by the bank, and for an investment use a conservative expected annual return. The figure is assumed fixed for the whole term, so test a range rather than relying on one number.

Does the calculator account for taxes and inflation?

No. It shows nominal growth before any tax on interest and without adjusting for inflation. To estimate real purchasing power, subtract an expected inflation rate from your return, and remember that interest in a taxable account may be reduced at tax time.

From our blog

How to Find Your Exact Age in Years, Months, and Days

By the Super Simple Digital Tools Team · Updated June 2026

Most of us can rattle off our age in years without thinking, but plenty of situations call for something more precise: an exact age in years, months, and days as of a specific date. School enrolment cut-offs, pension and benefit eligibility, immigration paperwork, and medical records for young children all hinge on an exact figure rather than a rounded one. An age calculator removes the mental arithmetic and the off-by-one mistakes that creep in when you try to count across month boundaries and leap years by hand.

The key idea is that age is measured the way the Western calendar works: you are a given age from one birthday until the next, and you do not get older mid-year. So someone who has lived for three years and eleven months is three, not "almost four" in any official sense. A good calculator reflects this by reporting completed units only, which is exactly what a registrar or admissions officer expects to see when they read an age off a form.

Calculating this properly means comparing two real dates rather than dividing total days by an average year. The tool counts the full years between your birth date and the reference date, then the whole months that remain, then the days. When the day-of-month doesn't line up, it borrows from the actual length of the preceding month, which is why a span ending on the 1st can read as one month and a few days. Because it walks the real calendar, leap years and the differing lengths of months are handled without any special effort from you.

Two edge cases are worth understanding so the output never surprises you. The first is the end-of-month case: counting from, say, 31 January to early March is genuinely ambiguous, and different calculators resolve it differently. This tool counts complete calendar months first and adds the leftover days, the most common convention. The second is the leap-day birthday: a 29 February baby ages by one year each year regardless of whether the date appears, with 28 February or 1 March used as the observed birthday in ordinary years.

To get a reliable answer, double-check the two dates you enter, especially the year and the month order. If you need your age as of a date in the past or future rather than today, set the reference date deliberately instead of relying on the default. Once you have the breakdown, read it as completed years, then completed months, then days, and you will have a figure that matches what official forms and eligibility rules are asking for.

  • Set the "age at" date manually when a form asks for your age on a deadline or cut-off day rather than today.
  • For infants, read the months figure: tracking age in completed months is more meaningful than years in the first couple of years.
  • When a result spans the end of a month, expect whole calendar months to be counted first, then the remaining days added on.
  • Treat a 29 February birthday as a normal yearly increase; pick 28 February or 1 March only when you need an observed date in a non-leap year.

Read the full guide →

Tool by the Super Simple Digital Tools Team. Reviewed by our editorial team. Free to use, no signup required.

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