$1,000 at 8% Interest for 30 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 30 years at 8% interest, your initial investment of $1,000 will have grown to $10,063.
You will have earned $9,063 in interest.
How much will savings of $1,000 be worth in 30 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1k invested for 30 years at a constant yield of 8.00% 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 8% Interest
| Year | Amount |
|---|---|
| 0 | $1,000 |
| 1 | $1,080 |
| 2 | $1,166 |
| 3 | $1,260 |
| 4 | $1,360 |
| 5 | $1,469 |
| 6 | $1,587 |
| 7 | $1,714 |
| 8 | $1,851 |
| 9 | $1,999 |
| 10 | $2,159 |
| 11 | $2,332 |
| 12 | $2,518 |
| 13 | $2,720 |
| 14 | $2,937 |
| 15 | $3,172 |
| 16 | $3,426 |
| 17 | $3,700 |
| 18 | $3,996 |
| 19 | $4,316 |
| 20 | $4,661 |
| 21 | $5,034 |
| 22 | $5,437 |
| 23 | $5,871 |
| 24 | $6,341 |
| 25 | $6,848 |
| 26 | $7,396 |
| 27 | $7,988 |
| 28 | $8,627 |
| 29 | $9,317 |
| 30 | $10,063 |
$1,000 for 30 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,348 |
| 2% | $1,811 |
| 3% | $2,427 |
| 4% | $3,243 |
| 5% | $4,322 |
| 6% | $5,743 |
| 8% | $10,063 |
| 10% | $17,449 |
| 12% | $29,960 |
| 15% | $66,212 |
| 20% | $237,376 |