$1,000,000 at 8% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
After investing for 10 years at 8% interest, your initial investment of $1,000,000 will have grown to $2,158,925.
You will have earned $1,158,925 in interest.
How much will savings of $1,000,000 be worth in 10 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1 million invested for 10 years at a constant yield of 8.00% compounded annually.
Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $1,000,000 at 8% Interest
Year |
Amount |
0 |
$1,000,000 |
1 |
$1,080,000 |
2 |
$1,166,400 |
3 |
$1,259,712 |
4 |
$1,360,489 |
5 |
$1,469,328 |
6 |
$1,586,874 |
7 |
$1,713,824 |
8 |
$1,850,930 |
9 |
$1,999,005 |
10 |
$2,158,925 |
$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 |