A little context.
Compounds monthly with contributions at the end of each month. Assumes a constant nominal return; taxes, fees and inflation are excluded. Returns are not guaranteed.
Try an example
1000 at 0% + 100/month for 1 year = 2200How to use this tool
- Enter initial amount, monthly contribution, annual nominal return (%), years in the workspace above.
- Select Run tool to process your input. Invalid values produce a message next to the form.
- Copy the result or download it as a file. Reset example restores the original input.