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Compound Interest Calculator
See the positive effect that compounding - adding accumulated interest back to your principal - can have.

Enter the number of years you plan to continue contributing to your account.

Inflation is the steady, gradual increase in the cost of nearly everything. Over the past 75 years, the inflation rate has averaged 3.1% annually, including the high point in 1980, when it hit 14%, and several years when it hovered around 1%.

Interest percentage that contributions will earn while invested. The return on your investment may be compounded, or added to your principal, daily, monthly, quarterly, or yearly. The more frequently your investment compounds, the more quickly your earnings will accumulate. Check your statement to see how frequently your account compounds. In general, bank deposits are compounded more frequently, while mutual fund earnings are compounded less frequently.

Interest percentage that contributions will earn while invested.

One of the secrets of financial success is long-term investments that pay compound interest. Compound interest is the concept of adding accumulated interest back to the principal, so that interest is earned on interest, forming a larger base on which your earnings can accumulate.

Even modest returns can generate real wealth given enough time and dedication. With compound interest, your money works diligently for you, continually feeding upon itself to grow at a substantially faster rate.

When your savings compound in a tax-deferred retirement savings plan, they can accumulate more quickly than in a taxable account. That's because none of the earnings are withdrawn now to pay the tax.

Use the calculator below to see how compounding can help your savings grow over time.

You can roll over on the linked items to get a definition of each term. Please do not use commas in the figures.

Starting Balance:	$
Monthly Contribution Amount:	$
Interest Earned (%):	%
Number of Years:	Years
Frequency of Compounding:

Total:
Total Adjusted For Inflation:
Total adjusted for inflation assumes a 3% inflation rate.

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