Tools / finance
See how an opening balance, monthly savings and an interest rate can grow over time, with a chart and a year-by-year table.
How the balance grows
Year by year, invested money and interest earned.
Chart unavailable; the complete figures are listed in the table below.
Every year, clearly.
The table contains the same values as the chart and stays readable without JavaScript chart support.
| Year | Invested | Interest earned | Closing balance |
|---|
A transparent calculation.
For each month, interest is calculated on the current balance at one twelfth of the annual rate. The monthly savings amount is then added at month end. The chart stacks invested capital and cumulative interest so the total matches the closing balance.
This is an illustrative projection. Bank products may use different compounding schedules, fees, taxes, and rates.
Compare with Investor.gov’s compound interest calculator ↗Need a custom tool?
Let’s build yours
Calculators, generators and interactive features can be built into your own WordPress site.
Prefer email? f@mojibur.com