1. Compound Interest Calculator (aka FIRE Calculator) is a tool to help you calculate and plan out your investment so that you may achieve Financial Independence and Retire Early.
2. Compound Interest Calculator allows you to calculate and plan out both long term and short term savings.
3. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.
4. Compound interest is the interest you earn on interest.
5. But what is Compound Interest?
6. For example, if you put $50 in your savings account every month, and this savings yields 10% annually.
7. It is never too late to start snowballing your money.
8. You will end up with a huge sum of $113,024 (more than 6 times the amount you had put down).
9. How much money do you think you will get? $30,000? $50,000? Nope!
10. After 30 years, you will have invested $18,000.
11. Just imagine how wealthy you can be if you start right now.
1. you need to click the field again to enter the new valueWorks great and even has a year by year breakdown of whatever long term you put in the settingsThis is the best compound interest calculator l have ever used; I tried several others but l believe this is the best.
2. Cool update, but the app is pretty slow now, at least on my phone 🤔 Btw there is a bug where if you press the bookmark button in the top left, then decide to go back to your calculation by pressing the "back" button in the top left, it resets your calculation anywayDoes exactly what I was searching.
3. BTW, could be nice if there was a chart showing how the inveatment and the interest grows over time.Nice app! It would be nice to have totals showing in the bookmark list subtitles.
4. Doesn't deduct weekends to allow for Forex compound interest.the only annoying thing is that when you delete numbers the keyboard goes down.
5. Download it now!An effective calculator, but it's a bit aggravating to have to clear each field before entering the values.Can only set an annual interest rate.
6. Doesn't have daily interest rate just yearly.
7. Thanks!Too basic.
8. No daily or monthly.Very good app.