Utilize our Reinvestment Plan Deposits Calculator to accurately project the future value of your investments, factoring in both an initial sum and regular contributions. Understand the power of compound interest and how reinvesting dividends or making consistent deposits can significantly boost your wealth over time. Perfect for retirement planning, savings goals, or tracking portfolio growth.
Formula:
FV = P × (1 + r/n)(n×T) + PMT × [((1 + r/n)(n×T) - 1) / (r/n)]
- FV = Future Value of Investment
- P = Initial Investment / Current Portfolio Value
- PMT = Regular Deposit Amount
- r = Annual Interest Rate (as a decimal, e.g., 0.05 for 5%)
- n = Compounding & Deposit Frequency per Year (e.g., 12 for monthly)
- T = Investment Period (in Years)