$1,000 at 9% 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 9% interest, your initial investment of $1,000 will have grown to $5,604.
You will have earned $4,604 in interest.
How much will savings of $1,000 be worth in 20 years if invested at a 9.00% interest rate?
This calculator determines the future value of $1k invested for 20 years at a constant yield of 9.00% 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 9% Interest
| Year | Amount |
|---|---|
| 0 | $1,000 |
| 1 | $1,090 |
| 2 | $1,188 |
| 3 | $1,295 |
| 4 | $1,412 |
| 5 | $1,539 |
| 6 | $1,677 |
| 7 | $1,828 |
| 8 | $1,993 |
| 9 | $2,172 |
| 10 | $2,367 |
| 11 | $2,580 |
| 12 | $2,813 |
| 13 | $3,066 |
| 14 | $3,342 |
| 15 | $3,642 |
| 16 | $3,970 |
| 17 | $4,328 |
| 18 | $4,717 |
| 19 | $5,142 |
| 20 | $5,604 |
$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 |