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Compound Interest Calculator | WIRE Calculator | FIRE Calculator | FEES Calculator

There's an urban legend that Albert Einstein once said compounding [interest] is the most powerful force in the universe. Whether or not he really said it, that line holds a lot of truth. I strongly suggest you pay attention to it.



Complete the following to calculate the compound interest.

Note you can also use it to see how monthly withdrawals affect your investment by entering a negative monthly deposit .



Initial deposit 
Additional monthly deposits 
Investment yield (interest rate)  % per year
Number of years 
Incorporate inflation at   % per year
 
YearAnnual depositsTotal depositsAnnual interestTotal interestBalanceBalance in today's money
1 R94 800,00 R224 200,00 R50 298,52 R50 298,52 R274 498,52 R258 960,87
2 R100 488,00 R324 688,00 R91 936,21 R142 234,73 R466 922,73 R415 559,57
3 R106 517,28 R431 205,28 R146 948,33 R289 183,06 R720 388,34 R604 851,94
4 R112 908,32 R544 113,60 R219 184,38 R508 367,44 R1 052 481,04 R833 663,56
5 R119 682,82 R663 796,41 R313 594,41 R821 961,85 R1 485 758,27 R1 110 245,01
 
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