$1,000 at 3% Interest for 12 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 12 years at 3% interest, your initial investment of $1,000 will have grown to $1,426.
You will have earned $426 in interest.
How much will savings of $1,000 be worth in 12 years if invested at a 3.00% interest rate?
This calculator determines the future value of $1k invested for 12 years at a constant yield of 3.00% 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% Interest
| Year | Amount |
|---|---|
| 0 | $1,000 |
| 1 | $1,030 |
| 2 | $1,061 |
| 3 | $1,093 |
| 4 | $1,126 |
| 5 | $1,159 |
| 6 | $1,194 |
| 7 | $1,230 |
| 8 | $1,267 |
| 9 | $1,305 |
| 10 | $1,344 |
| 11 | $1,384 |
| 12 | $1,426 |
$1,000 for 12 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,127 |
| 2% | $1,268 |
| 3% | $1,426 |
| 4% | $1,601 |
| 5% | $1,796 |
| 6% | $2,012 |
| 8% | $2,518 |
| 10% | $3,138 |
| 12% | $3,896 |
| 15% | $5,350 |
| 20% | $8,916 |