$1,500 at 8% 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 8% interest, your initial investment of $1,500 will have grown to $32,587.
You will have earned $31,087 in interest.
How much will savings of $1,500 be worth in 40 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1.5k invested for 40 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 |
| 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 |
| 31 | $16,302 |
| 32 | $17,606 |
| 33 | $19,014 |
| 34 | $20,535 |
| 35 | $22,178 |
| 36 | $23,952 |
| 37 | $25,868 |
| 38 | $27,938 |
| 39 | $30,173 |
| 40 | $32,587 |
$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 |