Our compound interest calculator helps you understand how your money can grow over time. Simply enter your initial investment, expected interest rate, time period, and any regular contributions to see detailed projections.

Understanding Compound Interest

Compound interest is often called "the eighth wonder of the world" because of its power to exponentially grow wealth over time. Unlike simple interest, compound interest earns returns on both your original investment and previously earned interest.

Tips for Maximizing Compound Interest

• Start investing as early as possible to maximize time
• Make regular contributions to amplify the compounding effect
• Choose investments with higher compounding frequencies
• Reinvest all dividends and interest payments
• Be patient and let compound interest work its magic