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Compound Interest | WIRE | FIRE | FEES | Switching funds | FOREX | Death Costs

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 R30 000,00 R30 000,00 R2 649,75 R2 649,75 R32 649,75 R30 801,65
2 R31 800,00 R61 800,00 R8 259,00 R10 908,75 R72 708,75 R64 710,53
3 R33 708,00 R95 508,00 R15 117,24 R26 025,99 R121 533,99 R102 042,28
4 R35 730,48 R131 238,48 R23 449,55 R49 475,54 R180 714,02 R143 142,43
5 R37 874,31 R169 112,79 R33 521,82 R82 997,36 R252 110,15 R188 391,37
6 R40 146,77 R209 259,56 R45 645,53 R128 642,89 R337 902,44 R238 207,89
7 R42 555,57 R251 815,13 R60 185,43 R188 828,31 R440 643,44 R293 053,06
8 R45 108,91 R296 924,04 R77 568,52 R266 396,83 R563 320,87 R353 434,48
9 R47 815,44 R344 739,48 R98 294,51 R364 691,35 R709 430,82 R419 911,02
10 R50 684,37 R395 423,85 R122 948,07 R487 639,42 R883 063,26 R493 097,91
11 R53 725,43 R449 149,28 R152 213,08 R639 852,49 R1 089 001,77 R573 672,55
12 R56 948,96 R506 098,24 R186 889,30 R826 741,79 R1 332 840,02 R662 380,66
13 R60 365,89 R566 464,13 R227 911,84 R1 054 653,63 R1 621 117,76 R760 043,27
14 R63 987,85 R630 451,98 R276 373,88 R1 331 027,51 R1 961 479,49 R867 564,27
15 R67 827,12 R698 279,10 R333 553,12 R1 664 580,63 R2 362 859,73 R985 938,81
16 R71 896,75 R770 175,84 R400 942,79 R2 065 523,42 R2 835 699,26 R1 116 262,48
17 R76 210,55 R846 386,39 R480 287,70 R2 545 811,12 R3 392 197,51 R1 259 741,46
 
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