Compound Savings Calculator
Who doesn’t like to see their account balance grow beyond their initial deposit?! The power of compounding occurs when you earn money on your original investment plus any earnings on that investment.
Consistent contributions over a number of years can be an effective strategy to accumulate wealth. Even small additions to savings add up over time. And the earlier a person takes advantage of compounding, the more time money has to grow—and the less money a person may need to contribute to reach a goal.
Use this calculator to see how compounding might work for you.
Remember, while compounding can lead to exponential growth with positive returns, negative returns can erode capital. And the more a portfolio loses, the more it must gain to get back to even.
Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.
You could lose money by investing in a mutual fund, even if through your employer's plan or an IRA. An investment in a mutual fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.
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