METHOD
Formula and method
The nominal rate is converted to an equivalent monthly rate; contributions occur at month end.
Compound interest and the future value of regular monthly savings
Explore compound interest and regular monthly contributions.
01
Your inputs
Starting values are an example. Replace them with your own.
Your inputs stay in your browser.
02
Your result
Enter your details and run the calculation.
About this result
Informational calculations. Check assumptions, dates and jurisdiction before making a decision.
Full disclaimerHow does compound interest grow savings over the years?
The calculator converts the annual nominal rate into an equivalent monthly rate for the compounding frequency you choose and adds monthly deposits at the end of each month. It shows the future value, the total of your deposits and the interest before tax and fees. For example, 1,000 KM to start and 100 KM a month at 4% for 10 years grows to 16,215.81 KM with monthly compounding. The rate is an assumption and returns are not guaranteed.
TRACEABLE
Sources and validity
Basic arithmetic or geometry using the formula shown. Uses only your inputs.
How we maintain data