See how a starting amount and steady monthly contributions grow over time, and how much of it is pure interest.
Compound interest means you earn returns on your returns, not just on what you put in. Early on it's barely noticeable, but given time the interest itself starts earning interest, and the curve bends sharply upward. That's why starting sooner beats saving more later.
This calculator compounds monthly and adds your contribution each month, then shows the split between what you put in and what the growth added. SumiQ handles the other side of the equation, the spending, so you can find the money to invest in the first place.
