How much money will $1,000,000 be worth if you let the interest grow?

After investing for 10 years at 5% interest, your $1,000,000 investment will have grown to $1,628,895

Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"

According to Snopes, the answer is probably not.

Growth of $1,000,000 at 5% Interest

Year | Amount |
---|---|

0 | $1,000,000 |

1 | $1,050,000 |

2 | $1,102,500 |

3 | $1,157,625 |

4 | $1,215,506 |

5 | $1,276,282 |

6 | $1,340,096 |

7 | $1,407,100 |

8 | $1,477,455 |

9 | $1,551,328 |

10 | $1,628,895 |

$1,000,000 for 10 Years by Interest Rate

Rate | Amount |
---|---|

1% | $1,104,622 |

2% | $1,218,994 |

3% | $1,343,916 |

4% | $1,480,244 |

5% | $1,628,895 |

6% | $1,790,848 |

8% | $2,158,925 |

10% | $2,593,742 |

12% | $3,105,848 |

15% | $4,045,558 |

20% | $6,191,736 |