$1,000,000 at 8% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 8% interest, your initial investment of $1,000,000 will have grown to $4,660,957.
You will have earned $3,660,957 in interest.
How much will savings of $1,000,000 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1 million invested for 20 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 |
11 |
$2,331,639 |
12 |
$2,518,170 |
13 |
$2,719,624 |
14 |
$2,937,194 |
15 |
$3,172,169 |
16 |
$3,425,943 |
17 |
$3,700,018 |
18 |
$3,996,019 |
19 |
$4,315,701 |
20 |
$4,660,957 |
$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 |