COMPOUND INTEREST IS THE CONCEPT of earning interest on your investment, then earning interest on your investment plus the interest. Over time this results in the exponential growth of your money.
This compound interest calculator demonstrates the power of compounding interest by graphically showing the value of your investment, broken down into the principal, any monthly deposits and the accumulated interest earned.
Javascript is required.
Javascript is required.
Calculate your return
Results
$ 22,486
$ 7,200
$ 14,286
Chart: Accumulated Return
How the Compound Interest Calculator Works
A mathematical formula for calculating compound interest (as used by this online calculator), can be stated as...
LIFESTYLE BURN CALCULATOR helps you understand how much pre-tax (gross) income you need to earn to support your monthly spending habits.
Input your monthly expenses and your estimated effective tax rate. We will calculate the salary required to maintain that lifestyle after taxes are paid.
Your Lifestyle
Required Earnings
$ 85,714
$ 7,143
$ 2,143
Chart: Income Breakdown
Understanding Your Lifestyle Cost
This calculator assumes the "Burn" is your net spending (after tax). The calculation reverses the tax rate to find the gross income required.
Formula: Gross Income = Net Spend / (1 - Tax Rate)
BUY BACK YOUR TIME CALCULATOR determines your "Aspirational Hourly Rate" based on your income goals and desired work-life balance.
Use this to decide whether to outsource a task or do it yourself. If the cost to outsource is lower than your hourly rate, you should buy back your time.
Your Goals
Task Decision
Your Value
$ 139
$ 20
OUTSOURCE IT
Chart: Value Comparison
How to Use This Tool
This tool calculates your hourly worth based on your *target* lifestyle, not just your current one. Use it to validate spending money to save time.
Formula: Hourly Rate = Target Income / ((52 - Weeks Off) * Hours Per Week)