$24,000 at 1% Interest for 30 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 30 years at 1% interest, your initial investment of $24,000 will have grown to $32,348.
You will have earned $8,348 in interest.
How much will savings of $24,000 be worth in 30 years if invested at a 1.00% interest rate?
This calculator determines the future value of $24k invested for 30 years at a constant yield of 1.00% 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 $24,000 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $24,000 |
| 1 | $24,240 |
| 2 | $24,482 |
| 3 | $24,727 |
| 4 | $24,974 |
| 5 | $25,224 |
| 6 | $25,476 |
| 7 | $25,731 |
| 8 | $25,989 |
| 9 | $26,248 |
| 10 | $26,511 |
| 11 | $26,776 |
| 12 | $27,044 |
| 13 | $27,314 |
| 14 | $27,587 |
| 15 | $27,863 |
| 16 | $28,142 |
| 17 | $28,423 |
| 18 | $28,708 |
| 19 | $28,995 |
| 20 | $29,285 |
| 21 | $29,577 |
| 22 | $29,873 |
| 23 | $30,172 |
| 24 | $30,474 |
| 25 | $30,778 |
| 26 | $31,086 |
| 27 | $31,397 |
| 28 | $31,711 |
| 29 | $32,028 |
| 30 | $32,348 |
$24,000 for 30 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $32,348 |
| 2% | $43,473 |
| 3% | $58,254 |
| 4% | $77,842 |
| 5% | $103,727 |
| 6% | $137,844 |
| 8% | $241,504 |
| 10% | $418,786 |
| 12% | $719,038 |
| 15% | $1,589,083 |
| 20% | $5,697,032 |