Compound Interest Calculator

See how your money grows with compounding over time.

Your Inputs

$
$

Future balance

Contributed

Interest earned

How to Use This Calculator

1. Enter your initial investment — the lump sum you start with today.
2. Add your monthly contribution.
3. Set your expected annual return and time horizon with the sliders.
4. Choose how often interest compounds.
Results and the growth chart update instantly.

Calculation Method

Future value of a lump sum plus a stream of monthly contributions:

FV = P(1 + r/n)^(nt) + PMT × [((1 + rm)^m − 1) / rm]

P = principal, PMT = monthly contribution, r = annual rate, n = compounds/year, rm = r/12, m = months, t = years. Returns are user-assumed and not guaranteed.

Source: Standard compound interest / annuity future-value formula.

Conservative

$10k + $300/mo · 5% · 25 yr

≈ $213,000

Balanced

$10k + $500/mo · 8% · 30 yr

≈ $745,000

Aggressive

$10k + $800/mo · 10% · 35 yr

≈ $3.0M

Frequently Asked Questions

What is compound interest?

Interest earned on both your principal and previously earned interest, so your balance grows at an accelerating rate over time.

How does compounding frequency change the result?

More frequent compounding (monthly vs annually) gives a slightly higher balance; the gap widens with longer horizons and higher rates.

What annual return should I assume?

Historically the S&P 500 returned roughly 10% nominal (about 7% after inflation). Many investors model 6–8% to stay conservative. Returns are never guaranteed.

Does this include inflation or taxes?

No. It shows nominal growth. Subtract your assumed inflation rate for real purchasing power; taxes depend on your account type.

Is the calculator free?

Yes — completely free, no signup, no limits.

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Investment Disclaimer: Calculations are estimates based on assumptions. Past performance does not guarantee future results. Investments involve risk, including potential loss of principal. SmartStockCalcs is not a registered investment advisor. For educational purposes only — consult a licensed financial advisor before making investment decisions.

Last updated: May 24, 2026