Watch how a starting amount and steady monthly deposits can grow when the returns themselves start earning returns. Change the rate or the number of years to see how much time matters.
Balance at the end
$0
- Total you put in
- Interest earned
| Year | Put in | Balance |
|---|
Estimate only, not tax or financial advice. It assumes a fixed rate every year and deposits at the end of each month, with no taxes, fees or inflation. Real investment returns vary from year to year.
How this works
Interest is added at the compounding frequency you pick, and your monthly deposit is added at the end of each month. Nothing here relies on a government figure; it is standard compound-interest arithmetic.
Sources
This calculator uses standard compound-interest math and no official figures. By Fintrovert.