$1,000 at 3.5% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 3.5% interest, your initial investment of $1,000 will have grown to $1,990.
You will have earned $990 in interest.
How much will savings of $1,000 be worth in 20 years if invested at a 3.50% interest rate?
This calculator determines the future value of $1k invested for 20 years at a constant yield of 3.50% compounded annually.
Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"
According to Snopes, the answer is probably not.
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $1,000 at 3.5% Interest
| Year | Amount |
|---|---|
| 0 | $1,000 |
| 1 | $1,035 |
| 2 | $1,071 |
| 3 | $1,109 |
| 4 | $1,148 |
| 5 | $1,188 |
| 6 | $1,229 |
| 7 | $1,272 |
| 8 | $1,317 |
| 9 | $1,363 |
| 10 | $1,411 |
| 11 | $1,460 |
| 12 | $1,511 |
| 13 | $1,564 |
| 14 | $1,619 |
| 15 | $1,675 |
| 16 | $1,734 |
| 17 | $1,795 |
| 18 | $1,857 |
| 19 | $1,923 |
| 20 | $1,990 |
$1,000 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,220 |
| 2% | $1,486 |
| 3% | $1,806 |
| 4% | $2,191 |
| 5% | $2,653 |
| 6% | $3,207 |
| 8% | $4,661 |
| 10% | $6,727 |
| 12% | $9,646 |
| 15% | $16,367 |
| 20% | $38,338 |