Investing

Dividend Reinvestment (DRIP) Calculator

See how much reinvesting dividends adds to a stock position over time, compared to taking the dividends as cash.

Estimate only — not advice. This tool provides a simplified, general estimate for educational purposes. It is not financial, tax, or legal advice, and it is not affiliated with the IRS, the Social Security Administration, or any lender. See our full disclaimer for what this calculator does and doesn't account for.

What this estimate assumes

Dividends are modeled as paid and reinvested monthly at the current share price — most stocks actually pay quarterly, so this smooths out the real, lumpier cadence but lands on a very similar long-run total.
The dividend growth rate compounds the per-share payout once a year, independently of share price growth, so you can model a company that raises its dividend faster or slower than its stock price.
The "dividends taken as cash" comparison assumes that cash is simply set aside, earning no return of its own — it's there to isolate the effect of reinvesting, not to model a specific alternative investment.
Assumes constant growth and yield rates for the entire period, no taxes on dividends, and no dividend cuts — real stocks fluctuate and dividends are never guaranteed.

Curious about the tradeoffs? Read Dividend Reinvestment: The Case For and Against.