$1,000,000 at 9% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 9% interest, your initial investment of $1,000,000 will have grown to $5,604,411.
You will have earned $4,604,411 in interest.
How much will savings of $1,000,000 be worth in 20 years if invested at a 9.00% interest rate?
This calculator determines the future value of $1 million invested for 20 years at a constant yield of 9.00% 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 9% Interest
| Year | Amount |
|---|---|
| 0 | $1,000,000 |
| 1 | $1,090,000 |
| 2 | $1,188,100 |
| 3 | $1,295,029 |
| 4 | $1,411,582 |
| 5 | $1,538,624 |
| 6 | $1,677,100 |
| 7 | $1,828,039 |
| 8 | $1,992,563 |
| 9 | $2,171,893 |
| 10 | $2,367,364 |
| 11 | $2,580,426 |
| 12 | $2,812,665 |
| 13 | $3,065,805 |
| 14 | $3,341,727 |
| 15 | $3,642,482 |
| 16 | $3,970,306 |
| 17 | $4,327,633 |
| 18 | $4,717,120 |
| 19 | $5,141,661 |
| 20 | $5,604,411 |
$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 |