$1,000 at 8% Interest for 40 Years
How much money will your investment be worth if you let the interest grow?
After investing for 40 years at 8% interest, your initial investment of $1,000 will have grown to $21,725.
You will have earned $20,725 in interest.
How much will savings of $1,000 be worth in 40 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1k invested for 40 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?"
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 |
31 |
$10,868 |
32 |
$11,737 |
33 |
$12,676 |
34 |
$13,690 |
35 |
$14,785 |
36 |
$15,968 |
37 |
$17,246 |
38 |
$18,625 |
39 |
$20,115 |
40 |
$21,725 |
$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 |