$1,500 at 8% 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 8% interest, your initial investment of $1,500 will have grown to $6,991.
You will have earned $5,491 in interest.
How much will savings of $1,500 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1.5k invested for 20 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 $1,500 at 8% Interest
| Year | Amount |
|---|---|
| 0 | $1,500 |
| 1 | $1,620 |
| 2 | $1,750 |
| 3 | $1,890 |
| 4 | $2,041 |
| 5 | $2,204 |
| 6 | $2,380 |
| 7 | $2,571 |
| 8 | $2,776 |
| 9 | $2,999 |
| 10 | $3,238 |
| 11 | $3,497 |
| 12 | $3,777 |
| 13 | $4,079 |
| 14 | $4,406 |
| 15 | $4,758 |
| 16 | $5,139 |
| 17 | $5,550 |
| 18 | $5,994 |
| 19 | $6,474 |
| 20 | $6,991 |
$1,500 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,830 |
| 2% | $2,229 |
| 3% | $2,709 |
| 4% | $3,287 |
| 5% | $3,980 |
| 6% | $4,811 |
| 8% | $6,991 |
| 10% | $10,091 |
| 12% | $14,469 |
| 15% | $24,550 |
| 20% | $57,506 |