Compound Interest Calculator - Future Value of Money
Simulate exponential wealth growth with daily, monthly, quarterly, and annual compounding
Compound Interest Calculator
Simulate exponential wealth growth with daily, monthly, quarterly, and annual compound interest plus regular additions.
₹
₹
%
Years
Total Contributions
₹7,00,000
Total Interest
₹5,90,562
Future Balance
₹12,90,562
Interest Share
45.8%
Principal: 54.2%
Interest: 45.8%
Compounding Growth Schedule
| Year | Starting Balance | Annual Deposit | Interest Earned | Ending Balance |
|---|
The Eighth Wonder of the World: Compound Interest
Albert Einstein famously remarked: "Compound interest is the eighth wonder of the world. He who understands it, earns it; he who does not, pays it." Compound interest represents earning interest on top of previous interest, causing investment balances to grow exponentially rather than linearly over time.
Compounding Formula
The universal compound interest formula with periodic additions is:
A = P(1 + r/n)^(nt) + PMT × [((1 + r/n)^(nt) - 1) ÷ (r/n)]
- A: Future value of the investment.
- P: Initial principal deposit.
- PMT: Regular monthly/annual contribution.
- r: Annual nominal interest rate (decimal).
- n: Compounding frequency per year (12 for monthly, 4 for quarterly, 365 for daily).
- t: Number of years the money is invested.
Key Features
- Flexible Compounding Frequencies: Compare annual, semi-annual, quarterly, monthly, and daily compounding returns.
- Contribution Simulation: Test how small regular monthly additions dramatically accelerate your time to financial independence.
- Interactive Growth Table: Complete schedule breaking down year-by-year starting balance, deposits, interest earned, and closing balance.