See how savings grow with compound interest and regular deposits. Illustration only.
Final balance · Total deposited · Interest earned
| Year | Balance |
|---|
Each month the balance earns the monthly equivalent of the yearly rate for the chosen compounding, then the monthly deposit is added at month end. The rate is fixed; fees, taxes and inflation are not included. Amounts use any currency.
Each period interest is added to the balance, so later interest earns interest too. For 10,000 at 5% a year for 10 years, compounded annually, the balance is 16,288.95.
Slightly. The same 10,000 at 5% for 10 years becomes 16,470.09 with monthly compounding instead of 16,288.95 with annual compounding.
At the end of each month, after that month's interest. Depositing 100 a month at 5% for 10 years, compounded monthly, gives 15,528.23 from 12,000 deposited.
No. It is an illustration with a fixed rate. Real returns vary, and fees, taxes and inflation are not included.
No. Everything is calculated in your browser and nothing is stored.
Free tool, provided as is, with no guarantee. For information only; not financial advice. Please do not enter personal information in feedback.