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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 R37 033,34 R37 033,34 R3 900,26 R3 900,26 R40 933,59 R38 616,60
2 R39 255,34 R76 288,68 R12 317,64 R16 217,90 R92 506,57 R82 330,52
3 R41 610,66 R117 899,33 R22 880,09 R39 097,99 R156 997,32 R131 817,98
4 R44 107,30 R162 006,63 R36 040,97 R75 138,95 R237 145,58 R187 841,51
5 R46 753,74 R208 760,37 R52 349,11 R127 488,06 R336 248,43 R251 264,39
6 R49 558,96 R258 319,33 R72 464,88 R199 952,94 R458 272,27 R323 063,87
7 R52 532,50 R310 851,83 R97 182,56 R297 135,50 R607 987,32 R404 346,29
8 R55 684,45 R366 536,27 R127 457,25 R424 592,75 R791 129,02 R496 364,14
9 R59 025,51 R425 561,79 R164 437,18 R589 029,93 R1 014 591,72 R600 535,28
10 R62 567,05 R488 128,83 R209 502,40 R798 532,34 R1 286 661,17 R718 464,88
11 R66 321,07 R554 449,90 R264 311,34 R1 062 843,67 R1 617 293,58 R851 970,08
12 R70 300,33 R624 750,23 R330 856,56 R1 393 700,24 R2 018 450,47 R1 003 108,05
13 R74 518,35 R699 268,58 R411 531,82 R1 805 232,05 R2 504 500,64 R1 174 207,63
14 R78 989,45 R778 258,04 R509 212,35 R2 314 444,41 R3 092 702,44 R1 367 905,27
15 R83 728,82 R861 986,86 R627 351,45 R2 941 795,85 R3 803 782,71 R1 587 185,62
16 R88 752,55 R950 739,41 R770 096,16 R3 711 892,01 R4 662 631,42 R1 835 427,53
17 R94 077,70 R1 044 817,11 R942 426,28 R4 654 318,29 R5 699 135,39 R2 116 456,10
18 R99 722,36 R1 144 539,47 R1 150 321,07 R5 804 639,36 R6 949 178,83 R2 434 601,66
19 R105 705,71 R1 250 245,18 R1 400 959,40 R7 205 598,75 R8 455 843,93 R2 794 766,43
20 R112 048,05 R1 362 293,23 R1 702 959,84 R8 908 558,59 R10 270 851,82 R3 202 500,15
 
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