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Calculators

Compound Interest Calculator

Free compound interest calculator — project savings or investment growth with custom rate, frequency, and contributions.

Compound interest

Watch your money grow — interest on interest.

$
USD
%
yr
$
USD/mo

Future value

Projected balance after 10 years.

Future value

$20,096.61

Principal

$10,000.00

Contributed

$0.00

Interest

$10,096.61

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Overview

About Compound Interest Calculator


The QuickToolz Compound Interest Calculator projects how a lump-sum investment plus optional monthly contributions will grow over time. Pick any annual rate, compounding frequency (annual, half-yearly, quarterly, monthly, daily), and tenure — see the final balance, total interest earned, and a year-by-year breakdown.

The compound interest formula

A = P × (1 + r/n)^(n×t), where A is the final amount, P is principal, r is the annual rate, n is compounding periods per year, and t is years. With regular contributions, we add the future value of an annuity series.

Why compound interest matters

"Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it." — attributed to Albert Einstein.

Compounding turns time into your most valuable asset. Saving ₹5,000 a month at 12% for 30 years grows to over ₹1.7 crore — three-quarters of which is interest. Use this calculator to set realistic retirement, SIP, education, or wealth-building goals.

Features

What makes Compound Interest Calculator great

Everything you need, nothing you don’t. Built for speed and simplicity.


  • Year-by-year breakdown

    See annual balance, contributions, and interest growth.

  • Flexible frequency

    Annual, half-yearly, quarterly, monthly, or daily compounding.

  • SIP / recurring deposits

    Add monthly contributions to model real-world investing.

How to use

Get started with the Compound Interest Calculator in just seconds.

Everything you need, nothing you don’t. Built for speed and simplicity.


  1. 01

    Enter initial principal

    Start with your lump-sum deposit (can be 0).

  2. 02

FAQ

Frequently asked questions about Compound Interest Calculator.

Got questions? We’ve got answers. Common questions about Compound Interest Calculator.


A = P × (1 + r/n)^(n×t). For ₹10,000 at 8% compounded annually for 10 years: 10000 × 1.08^10 = ₹21,589.

Simple interest is earned only on the principal. Compound interest is earned on both principal and previously-earned interest, accelerating growth.

Yes, slightly. Daily compounding earns marginally more than annual at the same rate, but the difference shrinks as the rate gets smaller.

Instant

Live updates — no submit button.

Add monthly contributions

Optional — model SIPs or recurring deposits.

  • 03

    Pick rate and frequency

    Annual rate plus compounding frequency (annual, monthly, daily).

  • 04

    Set tenure

    Choose years — see final balance and year-by-year growth.

  • Yes — add a monthly contribution to model SIPs, recurring deposits, or 401(k)-style contributions.