Compounding Interest Calculator
See the power of "interest on interest". Calculate how your investments can grow over years of consistent investing.
Compound Interest Calculator
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$
Future Value
$102,570.20
Total Interest
+$32,570.20
Total Contributed
$70,000.00
How this calculator works
This calculator uses an annual compounding formula. This means the interest is calculated on your balance once per year.
Contributions are treated as if they are added throughout the year, but strictly speaking, in this simplified annual model, interest is earned on the balance carried over from the previous year. This provides a conservative estimate compared to monthly compounding.