$1,000,000 at 8% Interest for 12 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 12 years at 8% interest, your initial investment of $1,000,000 will have grown to $2,518,170.
You will have earned $1,518,170 in interest.
How much will savings of $1,000,000 be worth in 12 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1 million invested for 12 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?"
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 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 |
| 11 | $2,331,639 |
| 12 | $2,518,170 |
$1,000,000 for 12 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,126,825 |
| 2% | $1,268,242 |
| 3% | $1,425,761 |
| 4% | $1,601,032 |
| 5% | $1,795,856 |
| 6% | $2,012,196 |
| 8% | $2,518,170 |
| 10% | $3,138,428 |
| 12% | $3,895,976 |
| 15% | $5,350,250 |
| 20% | $8,916,100 |