$1,500 at 2% Interest for 40 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 40 years at 2% interest, your initial investment of $1,500 will have grown to $3,312.
You will have earned $1,812 in interest.
How much will savings of $1,500 be worth in 40 years if invested at a 2.00% interest rate?
This calculator determines the future value of $1.5k invested for 40 years at a constant yield of 2.00% 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 $1,500 at 2% Interest
| Year | Amount |
|---|---|
| 0 | $1,500 |
| 1 | $1,530 |
| 2 | $1,561 |
| 3 | $1,592 |
| 4 | $1,624 |
| 5 | $1,656 |
| 6 | $1,689 |
| 7 | $1,723 |
| 8 | $1,757 |
| 9 | $1,793 |
| 10 | $1,828 |
| 11 | $1,865 |
| 12 | $1,902 |
| 13 | $1,940 |
| 14 | $1,979 |
| 15 | $2,019 |
| 16 | $2,059 |
| 17 | $2,100 |
| 18 | $2,142 |
| 19 | $2,185 |
| 20 | $2,229 |
| 21 | $2,273 |
| 22 | $2,319 |
| 23 | $2,365 |
| 24 | $2,413 |
| 25 | $2,461 |
| 26 | $2,510 |
| 27 | $2,560 |
| 28 | $2,612 |
| 29 | $2,664 |
| 30 | $2,717 |
| 31 | $2,771 |
| 32 | $2,827 |
| 33 | $2,883 |
| 34 | $2,941 |
| 35 | $3,000 |
| 36 | $3,060 |
| 37 | $3,121 |
| 38 | $3,183 |
| 39 | $3,247 |
| 40 | $3,312 |
$1,500 for 40 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $2,233 |
| 2% | $3,312 |
| 3% | $4,893 |
| 4% | $7,202 |
| 5% | $10,560 |
| 6% | $15,429 |
| 8% | $32,587 |
| 10% | $67,889 |
| 12% | $139,576 |
| 15% | $401,795 |
| 20% | $2,204,657 |