$1,000,000 at 2% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 2% interest, your initial investment of $1,000,000 will have grown to $1,104,081.
You will have earned $104,081 in interest.
How much will savings of $1,000,000 be worth in 5 years if invested at a 2.00% interest rate?
This calculator determines the future value of $1 million invested for 5 years at a constant yield of 2.00% 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 $1,000,000 at 2% Interest
| Year | Amount |
|---|---|
| 0 | $1,000,000 |
| 1 | $1,020,000 |
| 2 | $1,040,400 |
| 3 | $1,061,208 |
| 4 | $1,082,432 |
| 5 | $1,104,081 |
$1,000,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,051,010 |
| 2% | $1,104,081 |
| 3% | $1,159,274 |
| 4% | $1,216,653 |
| 5% | $1,276,282 |
| 6% | $1,338,226 |
| 8% | $1,469,328 |
| 10% | $1,610,510 |
| 12% | $1,762,342 |
| 15% | $2,011,357 |
| 20% | $2,488,320 |