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2 Ingredient Caramel Fudge

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Two ingredient caramel fudge is rich, creamy and delicious. Dulce de leche gives it a nice deep caramel flavor and smooth texture. Best of all, it is super easy to make!

Platter of caramel fudge squares next to wrapped caramel candies showing similarity in color.

If you love caramel, and smooth creamy fudge, this is the treat for you! It combines two holiday favorites into one delicious and simple to make treat.

This microwave caramel fudge is beyond easy to make. You don’t even have to measure the ingredients, that is how simple this treat is.

If you have a glass bowl and a spatula, you can make it happen.

However, you can also make it in a double boiler on the stove. Or just put a large glass or metal bowl over a saucepan with some water in it and make your own double boiler.

Hand holding square of caramel fudge with plate of more fudge in the background.

Of course when I think of fudge, I think of Christmas. However, you don’t have to wait until December to make it.

I think we should start an “eat fudge year round” campaign. And this caramel fudge is just the thing to win people over.

Make it plain like we did, or stir in some chopped pecans for walnuts if you like a little crunch. Either way, it is going to be delicious.

Tips and Tricks

Lining your pan with foil or parchment paper is not absolutely necessary, but it allows you to lift out the block of fudge to cut it into cleaner squares. If you want to serve it straight from the fan, feel free to skip this step.

The easiest way to line the pan with foil is to smooth it over the bottom of the pan first. Then turn pan over, and gently fit shaped foil into pan.

For parchment, try to crease the corners to hold it in place.

When fudge is cooled completely, lift out of pan by the foil or parchment. Then just peel off the liner and cut into pieces.

Square baking dish lined with parchment paper and filled with caramel fudge mixture.

Pour the fudge directly into cookie cutters or cute tins to make an easy gift. Or cut it into squares and add them to a fun container for another edible gift idea.

Storing Fudge

Fudge should be stored in an airtight container. It holds well on the counter at room temperature and will last there for at least a week.

For longer storage, put your airtight container in the refrigerator for up to 3 weeks.

More Recipes to Try:

For another 2 ingredient fudge, check out my vanilla fudge recipe. It is so smooth and cream.

Make black and white layered fudge with just a couple of extra ingredients. It has a layer of classic chocolate fudge and a layer of vanilla fudge together in each bite.

Stack of caramel fudge squares showing solid texture and rich caramelized color.

If you are looking for more dulce de leche recipes, try making rolo poke cake. Or check out my recipe for turning milk into dulce de leche.

Check out my collection of candy and fudge recipes for more sweet inspiration.

Golden caramel fudge squared piled on a white plate, ready to eat.

2 Ingredient Caramel Fudge

Servings: 16 Servings
Author: Carlee
Two ingredient caramel fudge is rich, creamy and delicious. Dulce de leche gives it a nice deep caramel flavor and smooth texture. Best of all, it is super easy to make!
5 from 1 rating
Prep Time 5 minutes
Cook Time 2 minutes
Chill Time 2 hours
Total Time 2 hours 7 minutes


  • 13.5 ounces can dulce de leche
  • 20 ounces white chocolate chips
Makes: 8 x 8inch rectangle


  • Line an 8×8 pan with parchment paper. Set aside.
  • Place the white chips in a medium mixing bowl and microwave on high for 30 seconds. Stir well. Continue to microwave in 20 second bursts until you are able to stir it smooth.
    20 ounces white chocolate chips
  • Immediately add the can of dulce de leche and stir until fully combined. The mixture will get thick, that’s ok.
    13.5 ounces can dulce de leche
  • Transfer to the prepared pan and use a spatula to flatten and spread it so it's even throughout the pan.
  • Place in the fridge for 2 hours or until set. Slice into 1-inch pieces, serve, and enjoy!


  • Store in an airtight container in the fridge for up to 2 weeks or the freezer for up to 3 months.
  • I prefer the Nestle chocolate chips for this recipe because the various brands cause a bit different outcome and I can always count on Nestle for a consistent outcome.
  • It’s extremely important you do not heat this fudge over 240. This will cause the milk and sugar to separate, which results in almost a waxy look over your fudge. It can also cause it to be greasy before setting up. If this happens, it does not affect the flavor, but it does affect the appearance of the fudge. 
  • If you can’t find dulce de leche (it usually in the baking aisle with the condensed milk), you can use other thick caramel sauce options. However, try to find a caramel sauce that doesn’t list water as an ingredient. 


Serving: 1ServingCalories: 191kcalCarbohydrates: 21gProtein: 2gFat: 11gSaturated Fat: 7gPolyunsaturated Fat: 0.4gMonounsaturated Fat: 3gCholesterol: 7mgSodium: 32mgPotassium: 101mgFiber: 0.1gSugar: 21gVitamin A: 11IUVitamin C: 0.2mgCalcium: 71mgIron: 0.1mg

Nutritional Disclaimer

“Cooking With Carlee” is not a dietitian or nutritionist, and any nutritional information shared is an estimate. If calorie count and other nutritional values are important to you, we recommend running the ingredients through whichever online nutritional calculator you prefer. Calories and other nutritional values can vary quite a bit depending on which brands were used.

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