Compound Interest - Compounder
Your Future Money
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Description

Have you ever wondered what your money could be worth in 30 years if you saved it instead of spent it? Compound Interest answers that question by helping you calculate what your money could be worth if you saved it or invested it over time.

Imagine you started saving for retirement when you're just 15 instead of 40. Put away $100 bucks a week with 7% returns. By the time you hit retirement age you'd have over 2 million dollars stashed away. You might ask yourself: how, doing the quick math that's only saving $260,000? Well, that is where compound interest comes into play. Even though you only earned and saved a little over $250,000 you gained over $2,000,000 in compound interest. Pretty cool right?

Already have an end goal in mind? Instead solve for contribution amount, return rate, or length. Want to retire with $5,000,000 but aren't sure how much you need to be saving each month to reach that goal? Switch the mode to solve for contribution amount and it will automatically calculate that number.

So check out this awesome compound interest calculator that lets you see your gains broken up by year with a cool interactive graph, multiple tabs, and light/dark themes.

Notable Features:
- The ability to create additional tabs to allow you to calculate as many sets of data and outputs as you want.
- Ability to solve for different values like total amount, length, contribution amount, or the return rate you might need to achieve your goals.
- Tab References: You can now reference one tab's total balance in another's initial balance. This is great for scenarios where you want to change the contribution amount or return rate in future years. For example, you can now experiment with the scenario of contributing $500 for 10 years followed by $0 for the next 10 years, and see the effects of compound interest over a 20 year time period. To reference another tab just tap into the starting balance and you'll see a toolbar above the keyboard with tabs that can be referenced.
- See data broken out by each year it's being compounded.
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User Rating

4.68 out of 5

221 ratings in United States

5 star
190
4 star
15
3 star
3
2 star
3
1 star
10

Ratings History

Reviews

App keeps freezing

Rojo.21029 on

The app freezes every time I attempt to change the initial amount

Compound Monthly

TecataGringo769 on

Can’t get the app to give me monthly calculations….PLEASE HELP

Nicest Savings Calc Out there

Lvmonkey on

The calculator does quick simple calculations but it also looks the best out of many ive tried. The outputs are labeled clearly and displayed in nice cards. One suggestion that would enhance the simplicity and speed of inputting values is a slider to increment/decrement the numbers that way the user does not have have to wait for the keyboard to pop up and erase the old values. Otherwise a great implementation of a calc.

Good App

Chicagoisthebest on

Good App. Would like to see a feature to save the financial model with name instead of “A”, “B” etc.

Broken App

down2earth on

This app used to work. Now when I click it, and it opens up, the screen is frozen and when I tap the screen the app crashes. This app literally does nothing now.

Very nice and simple

Zobtraffic1 on

I think it’s nice, but I wish that it would allow you to adjust for how many months you have to retire instead of years. Reasoning? I plan on retiring in December and seven years. So once this December passes I have to reset the years to six. And then it throws everything off.

Great App!

northandsouth on

I like this app very much. It’s simple, uncomplicated, and effective. However, I wish I could enter length in months in addition to years. I have the need to figure out the compound interest for 30 months, and I am unable to enter 2.5 years. That would make it a 5 star app from me. Please consider adding that capability.

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iPad version broken

foosball_p on

iPhone version works fine but the IPad version is completely broken. It doesn’t register changes to Starting Balance or Return Rate and ends up constantly resetting Starting Balance to zero. Ability to change currency missing It also lacks the ability to change currency and corresponding number formatting and it affects what I’m doing.

Perfect.

Peterfnfn on

Everything you need in a compound calculator, ESPECIALLY the multiple tabs ability. 5 thumbs up!

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App Info

Category
Finance
Publisher
Micah Wilson
Languages
English
Recent version
1.3.0 (2 years ago )
Released on
Mar 28, 2019 (5 years ago )
Last updated
2 weeks ago