$1,500 at 9% 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 9% interest, your initial investment of $1,500 will have grown to $8,407.
You will have earned $6,907 in interest.
How much will savings of $1,500 be worth in 20 years if invested at a 9.00% interest rate?
This calculator determines the future value of $1.5k invested for 20 years at a constant yield of 9.00% 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 9% Interest
| Year | Amount |
|---|---|
| 0 | $1,500 |
| 1 | $1,635 |
| 2 | $1,782 |
| 3 | $1,943 |
| 4 | $2,117 |
| 5 | $2,308 |
| 6 | $2,516 |
| 7 | $2,742 |
| 8 | $2,989 |
| 9 | $3,258 |
| 10 | $3,551 |
| 11 | $3,871 |
| 12 | $4,219 |
| 13 | $4,599 |
| 14 | $5,013 |
| 15 | $5,464 |
| 16 | $5,955 |
| 17 | $6,491 |
| 18 | $7,076 |
| 19 | $7,712 |
| 20 | $8,407 |
$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 |