Compound Interest Calculator: Tips & Tricks | FinancialMentor

this compound interest calculator shows you how your savings grows over time using the power of compound interest it's simply used with just a handful of inputs and yet no compound interest calculator gives you more ways to understand the growth of your money with a line chart pie chart tabular output and a comparison table showing how your results vary with different compounding periods start by entering the beginning balance of your savings in the first box don't enter periodic deposits here because those will be entered in the next field and if you don't have any savings then just enter zero in the next box enter the deposits you'll make to your savings on a recurring basis you can select any period you want for deposit frequency from this handy drop-down menu but remember this input field is only for recurring deposits next enter the growth rate of your investments as a whole number so 7% is just entered as the number 7 not point 0 7 and in the next field choose the interval that your savings will compound at using the convenient drop-down box this is usually specified by your savings account agreement if you're not sure and finally in the last field enter the number of periods you'd like the calculator to compound for you'll usually leave this on the default setting for years but you have a handy drop-down box where you can select shorter periods if desired you'll use this feature for fractional periods for example half the year would be honored as 6 months not 0. 5 years and three and a half months would be entered as one hundred and five days if you're not sure what to do with any entry field just mouse over the circled I and the icon to the right and it explains everything once you've chosen the correct inputs then just click the calculate button and all of your results appear under the calculator and if you want to convenient PDF screenshot of your entire calculator that includes all the input all the output but none of the adds then will email it to you when you click this button no charge and if you want to save a bunch of different scenarios that's super easy as well because the system only needs your email address once after that it just gives you the screenshots instantly when you request them it's a really cool feature finally make sure you check out all the other resources on this page we put a lot of effort in making sure everything you need is here underneath the calculator you'll find a feature article that shows you how to maximize the benefit of compound interest in your life and we include links to more educational resources here to grow your savings and a bunch more calculators here that give you different functionality you'll find helpful for your financial planning and best of all everything is free so please enjoy it play with the calculator as much as you want and explore all the connected resources our goal is to give you all the tools you need to develop a winning financial strategy I hope it helps