How to Use the Compound Interest Calculator
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.
Features of this Calculator
Flexible contributions: Add monthly, quarterly, or annual deposits.
Advanced compounding: Choose how often your interest compounds.
Inflation & Taxes: Get realistic projections by accounting for taxes on your gains and inflation's effect on purchasing power.