$1,500 at 8% Interest for 30 Years
How much money will your investment be worth if you let the interest grow?
After investing for 30 years at 8% interest, your initial investment of $1,500 will have grown to $15,094.
You will have earned $13,594 in interest.
How much will savings of $1,500 be worth in 30 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1.5k invested for 30 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?"
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 |
21 |
$7,551 |
22 |
$8,155 |
23 |
$8,807 |
24 |
$9,512 |
25 |
$10,273 |
26 |
$11,095 |
27 |
$11,982 |
28 |
$12,941 |
29 |
$13,976 |
30 |
$15,094 |
$1,500 for 30 Years by Interest Rate
Rate |
Amount |
1% |
$2,022 |
2% |
$2,717 |
3% |
$3,641 |
4% |
$4,865 |
5% |
$6,483 |
6% |
$8,615 |
8% |
$15,094 |
10% |
$26,174 |
12% |
$44,940 |
15% |
$99,318 |
20% |
$356,064 |