Find the total value multiple
Divide the ending value by the starting value.
Value multiple = ending value ÷ starting valueCompare performance across different time periods on the same annual basis
CAGR annualized return calculator
Calculate the compound annual growth rate, total return, and value multiple from a starting value, ending value, and time period.
Compound rateNo cash flowsPeriod comparison
Calculator inputs
Results update as you edit, and the share button copies a link to the current inputs.
10,000
20,000
5
Results
The constant annual rate that links the starting and ending values.
Annualized return14.87%
Value change$10,000
- Total return
- 100.0%
- Value multiple
- 2×
CAGR does not show the path between the starting and ending values. Contributions, withdrawals, taxes, fees, and volatility require separate analysis.
How CAGR is calculated
CAGR is the geometric average rate that would grow the starting value into the ending value at a constant annual pace.
Apply the inverse of the period
Raise the total multiple to the power of one divided by the number of years.
Annual growth multiple = value multiple^(1 ÷ years)Convert to an annual rate
Subtract one from the annual growth multiple and express it as a percentage.
CAGR = (annual growth multiple - 1) × 100What this calculator assumes
- There are no contributions or withdrawals between the start and end.
- Dividends and interest are included in the ending value.
- The path and volatility between the two values are not shown.
- Taxes, fees, and inflation require separate analysis.
Growing $10,000 to $20,000 over five years
A basic example with no contributions or withdrawals.
- Annualized return
- 14.87%
- Total return
- 100%
- Value multiple
- 2×
Two investments can have the same CAGR while taking very different paths and levels of risk.
Frequently asked questions
Understand the difference between CAGR and a simple average return.
How is CAGR different from an average return?
CAGR includes compounding and is the constant annual rate connecting the starting and ending values. It can differ from the arithmetic average of yearly returns.
Can CAGR show a loss?
Yes. If the ending value is lower than the starting value, CAGR and total return are negative.
What if I made additional investments?
CAGR alone cannot separate performance from contributions or withdrawals. Use a cash-flow-aware return measure instead.