Compound Interest Calculator
To use the calculator, simply enter your initial investment, interest rate, compound frequency, and the desired time frame. You can also include regular deposits or withdrawals to see how they impact the growth of your funds.
Additional (Optional)
Deposits made at what point in period?
Discover how your savings or investments can grow over time with our compound interest calculator. By inputting your initial investment, interest rate, and compound frequency, you can estimate the future value of your funds.
Compound interest is the concept of earning interest on both your initial investment and the accumulated interest. This creates a compounding effect that can significantly boost the value of your savings or investments in the long run.
Example:
For example, an initial investment of $10,000 with an annual interest rate of 8%, compounded annually, could grow to approximately $49,521.64 after 20 years. This represents a total interest of around $39,521.64.
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Our calculator helps you understand the power of compounding and visualize the potential growth of your savings or investments. Take advantage of this tool to make informed decisions about your financial future.
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Keep in mind that the average yearly return of the S&P 500 over the past 100 years, as of February 2023, is 10.331% (assuming reinvested dividends). Adjusted for inflation, the average stock market return (including dividends) stands at 7.191%.
Total Balance
Total Interest Earned
Discover the time it takes to master a skill! Our 10,000 Hour Mastery Calculator estimates your path to expertise based on the famous 10,000 hour rule from Malcolm Gladwell's "Outliers." Whether it's music, sports, or art, gain valuable insights on your journey towards mastery and what its going to take!
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How It Works
Input your daily practice minutes & how many days a week you can practice, and our calculator uses the 10,000 hour rule to calculate the amount of practice you are doing a year and the years needed to reach mastery. See the power of deliberate practice in action!
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Understanding Mastery
Unlock your potential! Mastery demands consistent effort and focused practice. With the 10,000 hour rule as a guide, our calculator helps you set realistic expectations and track progress on your path
Use the calculator to see how a 15 minute addition in a day can save years in the long run Compounding in practice