Finance · Investments & Markets

Modified Internal Rate of Return Calculator

Annualize periodic project performance using separate finance and reinvestment rates.

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Quick guide

How to use this calculator

  1. Enter the cash flows, values, rates, timing, or portfolio assumptions named in the fields.
  2. Use one consistent period and currency convention throughout the scenario.
  3. Read the calculator-specific model limits before interpreting the result.

Calculation method

Calculation method

MIRR = (future value of positive flows ÷ present value of negative flows)^(1/n) − 1.

Model, simulation, root, square-root, and compounding outputs are estimates and are visibly marked approximate.

Worked example

Worked example

Enter time-zero and later flows plus periodic finance and reinvestment rates.

MIRR = (future value of positive flows ÷ present value of negative flows)^(1/n) − 1.

Supported inputs

Precision and limits

Visible input limits

Inputs support up to 12 decimal places and lists support at most 1,200 rows. Iteration and simulation bounds are displayed in their fields.

International scope

No exchange, tax system, reporting standard, currency, fund rule, trading calendar, or market convention is selected automatically.

Decision boundary

Outputs are entered scenarios, not valuations, forecasts, risk limits, executable trades, suitability decisions, or recommendations.

Calculator-specific assumptions

At least one negative and one positive cash flow are required; rows are equally spaced.