$1,000,000 at 3% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 3% interest, your initial investment of $1,000,000 will have grown to $1,266,770.
You will have earned $266,770 in interest.
How much will savings of $1,000,000 be worth in 8 years if invested at a 3.00% interest rate?
This calculator determines the future value of $1 million invested for 8 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 |
$1,000,000 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,082,857 |
| 2% | $1,171,659 |
| 3% | $1,266,770 |
| 4% | $1,368,569 |
| 5% | $1,477,455 |
| 6% | $1,593,848 |
| 8% | $1,850,930 |
| 10% | $2,143,589 |
| 12% | $2,475,963 |
| 15% | $3,059,023 |
| 20% | $4,299,817 |