Formula & method
FV = P(1+r/n)ⁿᵗ + PMT × ((1+r/n)ⁿᵗ−1)/(r/n)
Compounding earns returns on prior returns. Contribution timing affects the final balance.
Assumptions
- Inputs remain in your browser and are not saved.
- Rates are converted to the payment frequency shown.
- Results are rounded for display; internal calculations retain precision.
Example calculation
Example
$10,000 growing at 7% for 10 years with monthly compounding becomes about $20,096 without contributions.
Important
Educational estimates only — not financial, tax or legal advice.