Compound Interest & Savings Growth
10-year wealth projection with contributions vs interest split.
Assumes 6% annualized return, compounding monthly.
Future Value (10 yrs)
$74,850 USD
Growth over 10 years
Total Deposits
$41,000
Interest Earned
$33,850
Rule of 72: at 6%, your money doubles every 12 years. Time in the market beats timing the market.
Did you know?
Albert Einstein supposedly called compound interest "the eighth wonder of the world" — but the quote is likely apocryphal, the math is real.
Formula
FV = P(1 + r/n)^(nt) + monthly contributions
FAQs
What is the Rule of 72?
Divide 72 by your annual rate to estimate years to double: 72 / 6 = 12 years.