Enter a starting amount, a monthly contribution, the years and a yearly return, and see what you end up with, year by year. Free compound interest calculator.
| Years | Paid in (€100 a month) | At the end, at 7% a year |
|---|---|---|
| 5 | €6,000 | €7,201 |
| 10 | €12,000 | €17,409 |
| 20 | €24,000 | €52,397 |
| 30 | €36,000 | €122,709 |
Monthly compounding, contribution at the start of each month. 7% a year is an example, not a forecast.
Compound interest is calculated on the principal and also on the accumulated interest from previous periods, so it can be considered as 'interest on interest.' There can be a big difference in the amount of interest owed on a loan if interest is calculated on a compound rather than a simple basis. On the positive side, this 'compounding' can work in your favor when it comes to your investments (e.g., a bank deposit), but on the other hand, it can be a minus (e.g., a loan).
Compound interest is a key factor for financial accumulation. It represents interest accrued both on the initial principal and on the already accumulated interest. This cumulative effect is at the core of long-term capital growth. Our online compound interest calculator offers clarity on this process, visualizing the growth potential of your funds.
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