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Project a starting balance and monthly contributions with your chosen interest and compounding assumptions.
Last reviewed
Projected balance
£31,998.32
The entered rate stays unchanged; monthly contributions do not earn interest until after they are added.
The nominal annual rate is converted to an effective monthly growth factor using the selected compounding frequency. Contributions are added at each month end.
Starting balance (£): 10000; Monthly contribution (£): 100; Annual nominal rate (%): 5; Years: 10; Compounding: Monthly
Projected balance: £31,998.32
The result depends on the following. If any of them do not match your situation, treat the figure as indicative only.
The nominal annual rate is converted to an effective monthly growth factor using the selected compounding frequency. Contributions are added at each month end.
Inputs are processed locally. Displayed amounts are rounded; the calculation retains precision.
A nominal rate compounded more often usually produces a higher effective annual return. An AER is already an effective annual rate.
Choose annual compounding and enter the AER. The model derives an equivalent monthly rate for monthly contributions.
Please note: Results are estimates for general information only and are not financial, tax or legal advice. Figures depend on the assumptions listed on each page and on your personal circumstances.
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