$1,000,000 at 3% 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 3% interest, your initial investment of $1,000,000 will have grown to $2,427,262.
You will have earned $1,427,262 in interest.
How much will savings of $1,000,000 be worth in 30 years if invested at a 3.00% interest rate?
This calculator determines the future value of $1 million invested for 30 years at a constant yield of 3.00% 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 3% Interest
| Year | Amount |
|---|---|
| 0 | $1,000,000 |
| 1 | $1,030,000 |
| 2 | $1,060,900 |
| 3 | $1,092,727 |
| 4 | $1,125,509 |
| 5 | $1,159,274 |
| 6 | $1,194,052 |
| 7 | $1,229,874 |
| 8 | $1,266,770 |
| 9 | $1,304,773 |
| 10 | $1,343,916 |
| 11 | $1,384,234 |
| 12 | $1,425,761 |
| 13 | $1,468,534 |
| 14 | $1,512,590 |
| 15 | $1,557,967 |
| 16 | $1,604,706 |
| 17 | $1,652,848 |
| 18 | $1,702,433 |
| 19 | $1,753,506 |
| 20 | $1,806,111 |
| 21 | $1,860,295 |
| 22 | $1,916,103 |
| 23 | $1,973,587 |
| 24 | $2,032,794 |
| 25 | $2,093,778 |
| 26 | $2,156,591 |
| 27 | $2,221,289 |
| 28 | $2,287,928 |
| 29 | $2,356,566 |
| 30 | $2,427,262 |
$1,000,000 for 30 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,347,849 |
| 2% | $1,811,362 |
| 3% | $2,427,262 |
| 4% | $3,243,398 |
| 5% | $4,321,942 |
| 6% | $5,743,491 |
| 8% | $10,062,657 |
| 10% | $17,449,402 |
| 12% | $29,959,922 |
| 15% | $66,211,772 |
| 20% | $237,376,314 |