CAGR
Calculator

Calculate the Compound Annual Growth Rate (CAGR) to measure the smooth annual return of an investment or value over a specified period. Enter your beginning value, ending value, and time period for instant results.

CAGR Formula
CAGR = (Final/Initial)1/n − 1
Scroll
CAGR
Growth
12.14%/yr
Total Growth150.00%
Multiplier2.50×
Rule of 72≈5.9 yrs to double

CAGR Visualized

Year-by-Year Projection

Live

CAGR Gauge

Animated
12%annual

CAGR Calculation

Steps
1
Ratio25,000 ÷ 10,000 = 2.50
2
Root2.50^(1/8) = 1.1214
Subtract 11.1214 − 1 = 12.14%

Growth Distribution

Interactive
Initial Investment
Growth (150%)

What Is CAGR?

CAGR (Compound Annual Growth Rate) is the mean annual growth rate of an investment over a specified time period longer than one year. It represents the rate at which an investment would have grown if it had grown at a steady rate.

Unlike simple growth rate, CAGR smooths out year-to-year volatility. An investment that fluctuates wildly — up 30% one year, down 10% the next — can be expressed as a single CAGR number for comparison.

CAGR is the gold standard for comparing investments, business growth, and economic trends across different time horizons. It answers: "What steady annual rate would produce the same total return?"

CAGR Effect
$10,000
Start
12.14%/yr
$25,000
End

Understanding CAGR vs Other Metrics

CAGR vs Simple Return

Simple return measures total change. CAGR annualizes it. 150% total return over 8 years = 12.14% CAGR, not 18.75% (150/8).

CAGR vs Average Return

Average return ignores compounding. +50% then -50% averages 0% but actually loses 25%. CAGR captures the real result.

Rule of 72

Divide 72 by your CAGR to estimate doubling time. At 12% CAGR, your investment doubles roughly every 6 years.

Where to Use CAGR

Investment Analysis

Compare fund performance, stock returns, and portfolio growth across different time periods using a standardized annual rate.

Business Growth

Track revenue, customer, or market share growth on an annualized basis for strategic planning and investor presentations.

Real Estate

Measure property appreciation rates across different markets and holding periods with a consistent annual metric.

Economic Indicators

GDP growth, inflation trends, and productivity measures all use CAGR for long-term trend analysis and forecasting.

Retirement Planning

Project future portfolio values using historical CAGR to estimate if savings will meet retirement goals.

Academic Research

Researchers use CAGR to standardize growth comparisons across different studies, regions, and time periods.

CAGR Examples

Click to load.

📈

Stock Portfolio

$5K → $15K over 10 years.

CAGR = 11.61%
🏠

Home Value

$100K → $250K in 5 years.

CAGR = 20.11%
🏢

Revenue Growth

$1M → $5M in 7 years.

CAGR = 25.85%
📉

Declining Value

$50K → $40K in 3 years.

CAGR = -7.17%

CAGR FAQs

What does CAGR stand for?

CAGR stands for Compound Annual Growth Rate. It measures the mean annual growth rate of an investment over a period longer than one year, assuming profits are reinvested each period.

How is CAGR calculated?

CAGR = (Ending Value / Beginning Value)^(1/n) − 1, where n = number of years. Multiply by 100 for percentage.

What are the limitations of CAGR?

CAGR only considers start and end points — it ignores volatility in between. Two investments with the same CAGR can have very different risk profiles. It also doesn't account for cash flows (deposits/withdrawals).

What is a good CAGR for investments?

The S&P 500 has historically returned ~10% CAGR (7% inflation-adjusted). A CAGR above 15% is excellent. Above 25% is exceptional. Below 5% underperforms bonds.

How do I calculate CAGR in Excel?

Use =((B1/A1)^(1/C1))-1 where A1 = beginning value, B1 = ending value, C1 = years. Format as percentage. Or use =RATE(C1,,-A1,B1).

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