$1,000,000 at 9% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 9% interest, your initial investment of $1,000,000 will have grown to $1,992,563.
You will have earned $992,563 in interest.
How much will savings of $1,000,000 be worth in 8 years if invested at a 9.00% interest rate?
This calculator determines the future value of $1 million invested for 8 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?"
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 |
$1,000,000 for 8 Years by Interest Rate
Rate |
Amount |
1% |
$1,082,857 |
2% |
$1,171,659 |
3% |
$1,266,770 |
4% |
$1,368,569 |
5% |
$1,477,455 |
6% |
$1,593,848 |
8% |
$1,850,930 |
10% |
$2,143,589 |
12% |
$2,475,963 |
15% |
$3,059,023 |
20% |
$4,299,817 |