$1,000 at 7% Interest for 40 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 40 years at 7% interest, your initial investment of $1,000 will have grown to $14,974.
You will have earned $13,974 in interest.
How much will savings of $1,000 be worth in 40 years if invested at a 7.00% interest rate?
This calculator determines the future value of $1k invested for 40 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 |
| 21 | $4,141 |
| 22 | $4,430 |
| 23 | $4,741 |
| 24 | $5,072 |
| 25 | $5,427 |
| 26 | $5,807 |
| 27 | $6,214 |
| 28 | $6,649 |
| 29 | $7,114 |
| 30 | $7,612 |
| 31 | $8,145 |
| 32 | $8,715 |
| 33 | $9,325 |
| 34 | $9,978 |
| 35 | $10,677 |
| 36 | $11,424 |
| 37 | $12,224 |
| 38 | $13,079 |
| 39 | $13,995 |
| 40 | $14,974 |
$1,000 for 40 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,489 |
| 2% | $2,208 |
| 3% | $3,262 |
| 4% | $4,801 |
| 5% | $7,040 |
| 6% | $10,286 |
| 8% | $21,725 |
| 10% | $45,259 |
| 12% | $93,051 |
| 15% | $267,864 |
| 20% | $1,469,772 |