$1,000 at 3% 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% interest, your initial investment of $1,000 will have grown to $1,806.
You will have earned $806 in interest.
How much will savings of $1,000 be worth in 20 years if invested at a 3.00% interest rate?
This calculator determines the future value of $1k invested for 20 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 |
| 13 | $1,469 |
| 14 | $1,513 |
| 15 | $1,558 |
| 16 | $1,605 |
| 17 | $1,653 |
| 18 | $1,702 |
| 19 | $1,754 |
| 20 | $1,806 |
$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 |