$1,000,000 at 8% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 8% interest, your initial investment of $1,000,000 will have grown to $3,172,169.
You will have earned $2,172,169 in interest.
How much will savings of $1,000,000 be worth in 15 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1 million invested for 15 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 |
| 13 | $2,719,624 |
| 14 | $2,937,194 |
| 15 | $3,172,169 |
$1,000,000 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,160,969 |
| 2% | $1,345,868 |
| 3% | $1,557,967 |
| 4% | $1,800,944 |
| 5% | $2,078,928 |
| 6% | $2,396,558 |
| 8% | $3,172,169 |
| 10% | $4,177,248 |
| 12% | $5,473,566 |
| 15% | $8,137,062 |
| 20% | $15,407,022 |