$1,500 at 3% 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 3% interest, your initial investment of $1,500 will have grown to $4,893.
You will have earned $3,393 in interest.
How much will savings of $1,500 be worth in 40 years if invested at a 3.00% interest rate?
This calculator determines the future value of $1.5k invested for 40 years at a constant yield of 3.00% 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 3% Interest
| Year | Amount |
|---|---|
| 0 | $1,500 |
| 1 | $1,545 |
| 2 | $1,591 |
| 3 | $1,639 |
| 4 | $1,688 |
| 5 | $1,739 |
| 6 | $1,791 |
| 7 | $1,845 |
| 8 | $1,900 |
| 9 | $1,957 |
| 10 | $2,016 |
| 11 | $2,076 |
| 12 | $2,139 |
| 13 | $2,203 |
| 14 | $2,269 |
| 15 | $2,337 |
| 16 | $2,407 |
| 17 | $2,479 |
| 18 | $2,554 |
| 19 | $2,630 |
| 20 | $2,709 |
| 21 | $2,790 |
| 22 | $2,874 |
| 23 | $2,960 |
| 24 | $3,049 |
| 25 | $3,141 |
| 26 | $3,235 |
| 27 | $3,332 |
| 28 | $3,432 |
| 29 | $3,535 |
| 30 | $3,641 |
| 31 | $3,750 |
| 32 | $3,863 |
| 33 | $3,979 |
| 34 | $4,098 |
| 35 | $4,221 |
| 36 | $4,347 |
| 37 | $4,478 |
| 38 | $4,612 |
| 39 | $4,751 |
| 40 | $4,893 |
$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 |