Personal finance
Compound growth
Explore savings growth with monthly contributions.
Your result
Final balance
17,175.24
Total contributed13,000
Growth4,175.24
Rounded for display. See method below.How it works
Monthly compounding; contributions are added at each month’s end. Balance = P(1+r)ⁿ + C((1+r)ⁿ−1)/r.
What to keep in mind
A constant hypothetical return, not a forecast or financial recommendation. Excludes taxes, fees and inflation.
Worked example
Starting amount: 1000; Monthly contribution: 100; Annual nominal return (%): 5; Years: 10.
Final balance: 17,175.24 · Total contributed: 13,000 · Growth: 4,175.24.