$1,000,000 at 8% Interest for 30 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 30 years at 8% interest, your initial investment of $1,000,000 will have grown to $10,062,657.
You will have earned $9,062,657 in interest.
How much will savings of $1,000,000 be worth in 30 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1 million invested for 30 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 |
| 16 | $3,425,943 |
| 17 | $3,700,018 |
| 18 | $3,996,019 |
| 19 | $4,315,701 |
| 20 | $4,660,957 |
| 21 | $5,033,834 |
| 22 | $5,436,540 |
| 23 | $5,871,464 |
| 24 | $6,341,181 |
| 25 | $6,848,475 |
| 26 | $7,396,353 |
| 27 | $7,988,061 |
| 28 | $8,627,106 |
| 29 | $9,317,275 |
| 30 | $10,062,657 |
$1,000,000 for 30 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,347,849 |
| 2% | $1,811,362 |
| 3% | $2,427,262 |
| 4% | $3,243,398 |
| 5% | $4,321,942 |
| 6% | $5,743,491 |
| 8% | $10,062,657 |
| 10% | $17,449,402 |
| 12% | $29,959,922 |
| 15% | $66,211,772 |
| 20% | $237,376,314 |