See how your money grows over time with monthly deposits.
Compound interest is the process where your investment grows over time by earning interest not only on the initial amount, but also on the accumulated interest. This creates exponential growth, meaning your money can grow faster the longer it stays invested.
This calculator helps you estimate how your savings or investments may grow based on your starting amount, monthly deposits, interest rate, and time period. It assumes that interest is compounded monthly and that contributions are made consistently.
The formula used combines the growth of your initial investment and the future value of monthly contributions. It assumes a fixed interest rate and monthly compounding.
Regular monthly contributions can significantly increase your final balance. Even small deposits grow over time thanks to compounding, making consistency more important than timing.
If you start with $1,000 and add $100 every month at a 5% annual interest rate, your balance will grow significantly over time due to compounding. The longer you invest, the greater the effect.
This calculator provides estimates based on a fixed interest rate. Real investment returns may vary due to market conditions, inflation, fees, and other factors.
This tool is useful for anyone planning long-term savings or investments, including retirement planning, wealth building, or financial goal tracking.
This calculator assumes monthly compounding.
No. Investment returns depend on market performance and are not guaranteed.
Yes. Even a small increase in interest rate can significantly impact your final balance over long periods.