$1,000 at 7% 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 7% interest, your initial investment of $1,000 will have grown to $3,870.
You will have earned $2,870 in interest.
How much will savings of $1,000 be worth in 20 years if invested at a 7.00% interest rate?
This calculator determines the future value of $1k invested for 20 years at a constant yield of 7.00% 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 7% Interest
| Year | Amount |
|---|---|
| 0 | $1,000 |
| 1 | $1,070 |
| 2 | $1,145 |
| 3 | $1,225 |
| 4 | $1,311 |
| 5 | $1,403 |
| 6 | $1,501 |
| 7 | $1,606 |
| 8 | $1,718 |
| 9 | $1,838 |
| 10 | $1,967 |
| 11 | $2,105 |
| 12 | $2,252 |
| 13 | $2,410 |
| 14 | $2,579 |
| 15 | $2,759 |
| 16 | $2,952 |
| 17 | $3,159 |
| 18 | $3,380 |
| 19 | $3,617 |
| 20 | $3,870 |
$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 |