$1,000 at 7% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
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?"
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 |