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Whether you’re saving for a first car, college tuition, a starter home down payment, a wedding fund, or going all-out ambitious and prepping for retirement (early millionaire vibes, anyone?), our compound interest rate calculator has you covered! It’ll help you figure out exactly how much to stash away each month to hit you or your child's goals.
HOW TO CALCULATE COMPOUND INTEREST USING OUR MONTHLY COMPOUND INTEREST CALCULATOR:
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Determine your goal (saving for college, wedding fund, first home , etc.)
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Input you or your child's current age - this is Your Age Now.
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Figure out around what age you plan to hit that goal - this would be Your Goal Age.
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Figure out how much you can afford to put away monthly - this would be your Monthly Contributions.
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Enter the amount you have invested already - this would be your Current Balance (if it's 0 right now, that's okay too).
Financial literacy for kids and teens. Where students learn finance and get paid while doing it.
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