Compound Interest / Target Amount Calculator
Calculate compound interest or determine the required amount to reach your target goal.
The Power of Compound Interest
Compound interest calculates not only interest on the principal but also interest on interest. The compound effect grows over time, causing investment returns to increase exponentially.
Using Regular Savings
By making regular monthly deposits, you can achieve greater returns along with compound effects. Use the target amount calculator to determine the monthly deposit needed to reach your desired amount.
Impact of Compounding Frequency
The shorter the compounding period (daily > monthly > quarterly > annual), the more returns you can earn.