What is the value of compound interest?

Compound interest can have a dramatic effect on the growth of an investment. Use this compound interest calculator to illustrate the impact of compound interest on the future value of an asset.


Savings
Initial balance or deposit ($)
Annual savings amount ($)
Assumptions
Annual increase in contributions (%)
Number of years for the analysis
Before-tax return on savings (%)

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This calculator can be a helpful starting point for you to approximate answers to specific financial questions. It may help you analyze your financial strategy. It is not a substitute for financial planning advice and we recommend that you consult your financial advisor for a complete analysis.

This information is a general discussion of the relevant federal tax laws provided to promote ideas that may benefit a taxpayer. It is not intended for, nor can it be used by any taxpayer for the purpose of voiding federal tax penalties. Taxpayers should seek the advice of their own advisors regarding any tax and legal issues specific to their situation.

Investments will fluctuate and when redeemed, may be worth more or less than originally invested.

It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results. These are hypothetical examples for illustrative purposes only, and may not be used to project or predict results. The rate of return shown is hypothetical and not indicative of any particular investment; actual rates of return will vary and may be negative.

Insurance products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York. Both companies are headquartered in St. Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.

Securian Financial is the marketing name for Securian Financial Group, Inc., and its subsidiaries. Minnesota Life Insurance Company and Securian Life Insurance Company are subsidiaries of Securian Financial Group, Inc.

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