$500 at 2% 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 2% interest, your initial investment of $500 will have grown to $742.97.
You will have earned $242.97 in interest.
How much will savings of $500 be worth in 20 years if invested at a 2.00% interest rate?
This calculator determines the future value of $500 invested for 20 years at a constant yield of 2.00% 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 $500 at 2% Interest
| Year | Amount |
|---|---|
| 0 | $500.00 |
| 1 | $510.00 |
| 2 | $520.20 |
| 3 | $530.60 |
| 4 | $541.22 |
| 5 | $552.04 |
| 6 | $563.08 |
| 7 | $574.34 |
| 8 | $585.83 |
| 9 | $597.55 |
| 10 | $609.50 |
| 11 | $621.69 |
| 12 | $634.12 |
| 13 | $646.80 |
| 14 | $659.74 |
| 15 | $672.93 |
| 16 | $686.39 |
| 17 | $700.12 |
| 18 | $714.12 |
| 19 | $728.41 |
| 20 | $742.97 |
$500 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $610.10 |
| 2% | $742.97 |
| 3% | $903.06 |
| 4% | $1,096 |
| 5% | $1,327 |
| 6% | $1,604 |
| 8% | $2,330 |
| 10% | $3,364 |
| 12% | $4,823 |
| 15% | $8,183 |
| 20% | $19,169 |