The power of compounding

With compound interest your balance grows faster over time because earlier interest also earns interest. The formula is A = P × (1 + r/n)^(n×t), plus the growth of any regular contributions.

The yearly table shows deposits, interest earned, total deposited and balance for each year, so you can see growth speed up over time. The rate you enter is an assumption, not a guarantee. Real returns vary, and fees and taxes reduce them. Try different rates and time periods to see how starting early makes a big difference.