Formula Used By Graph

The graph above utilizes the following formula:
 Pt = ( Pt - 1 • ( 1 + R ) + ( Cm • 12 • + ( 1 + R ) 11/24 )


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Compound Interest

The formula used was derived from the simple compound interest formula:
 Pt = Pt - y • ( 1 + R ) y


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Variable Definitions

Pt - Principal by Year

R - Rate (from 0 to 1)

Cm - Contributions per Month

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Disclaimer

Every calculation done by this calculator should be validated independently. None of this site or its contents should be deemed as financial advice, used for financial planning, or guaranteed to be correct. Please consult a financial advisor before making any financial decisions. The owner of this site is not responsible for any financial loss, liability, or ill outcomes due to the use (including viewership) of this site.

$1,000,000
In 30 Years

  • Take Me There

$10,000
In 5 Years

  • Take Me There

$500,000
In 10 Years

  • Take Me There

$100,000
In 5 Years

  • Take Me There

$2,000,000
In 30 Years

  • Take Me There