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Compound Interest Calculator

$
$
Final Balance
$144,573
Total Contributed
$58,000
Interest Earned
$86,573
Full calculator with chart
01 — Visualize Growth

Compound vs. Simple Interest Over 20 Years

Starting with $10,000 at 7% annual rate

Yr 0Yr 1Yr 2Yr 3Yr 4Yr 5Yr 6Yr 7Yr 8Yr 9Yr 10Yr 11Yr 12Yr 13Yr 14Yr 15Yr 16Yr 17Yr 18Yr 19Yr 20$0k$15k$30k$45k$60k
Compound Interest
Simple Interest

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04 — The Fundamentals

Why Compound Interest Is the Eighth Wonder of the World

01

Interest on Interest

Unlike simple interest, compound interest calculates returns on your growing balance — not just your original deposit. This creates exponential growth that accelerates over time.

02

Time Is Your Greatest Asset

Starting 10 years earlier can more than double your final balance. The compounding curve is steepest at the end, which is why patience and early action are the most powerful financial strategies.

03

Consistency Beats Timing

Regular monthly contributions combined with compound interest outperform lump-sum investments made at the 'perfect' time. Automating small, consistent savings is the most reliable path to wealth.

04 — FAQ

Frequently Asked Questions

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