$1,000,000 at 7% 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 7% interest, your initial investment of $1,000,000 will have grown to $3,869,684.
You will have earned $2,869,684 in interest.
How much will savings of $1,000,000 be worth in 20 years if invested at a 7.00% interest rate?
This calculator determines the future value of $1 million invested for 20 years at a constant yield of 7.00% 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 7% Interest
| Year | Amount |
|---|---|
| 0 | $1,000,000 |
| 1 | $1,070,000 |
| 2 | $1,144,900 |
| 3 | $1,225,043 |
| 4 | $1,310,796 |
| 5 | $1,402,552 |
| 6 | $1,500,730 |
| 7 | $1,605,781 |
| 8 | $1,718,186 |
| 9 | $1,838,459 |
| 10 | $1,967,151 |
| 11 | $2,104,852 |
| 12 | $2,252,192 |
| 13 | $2,409,845 |
| 14 | $2,578,534 |
| 15 | $2,759,032 |
| 16 | $2,952,164 |
| 17 | $3,158,815 |
| 18 | $3,379,932 |
| 19 | $3,616,528 |
| 20 | $3,869,684 |
$1,000,000 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,220,190 |
| 2% | $1,485,947 |
| 3% | $1,806,111 |
| 4% | $2,191,123 |
| 5% | $2,653,298 |
| 6% | $3,207,135 |
| 8% | $4,660,957 |
| 10% | $6,727,500 |
| 12% | $9,646,293 |
| 15% | $16,366,537 |
| 20% | $38,337,600 |