$500 at 7% 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 7% interest, your initial investment of $500 will have grown to $3,806.
You will have earned $3,306 in interest.
How much will savings of $500 be worth in 30 years if invested at a 7.00% interest rate?
This calculator determines the future value of $500 invested for 30 years at a constant yield of 7.00% 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 7% Interest
| Year | Amount |
|---|---|
| 0 | $500.00 |
| 1 | $535.00 |
| 2 | $572.45 |
| 3 | $612.52 |
| 4 | $655.40 |
| 5 | $701.28 |
| 6 | $750.37 |
| 7 | $802.89 |
| 8 | $859.09 |
| 9 | $919.23 |
| 10 | $983.58 |
| 11 | $1,052 |
| 12 | $1,126 |
| 13 | $1,205 |
| 14 | $1,289 |
| 15 | $1,380 |
| 16 | $1,476 |
| 17 | $1,579 |
| 18 | $1,690 |
| 19 | $1,808 |
| 20 | $1,935 |
| 21 | $2,070 |
| 22 | $2,215 |
| 23 | $2,370 |
| 24 | $2,536 |
| 25 | $2,714 |
| 26 | $2,904 |
| 27 | $3,107 |
| 28 | $3,324 |
| 29 | $3,557 |
| 30 | $3,806 |
$500 for 30 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $673.92 |
| 2% | $905.68 |
| 3% | $1,214 |
| 4% | $1,622 |
| 5% | $2,161 |
| 6% | $2,872 |
| 8% | $5,031 |
| 10% | $8,725 |
| 12% | $14,980 |
| 15% | $33,106 |
| 20% | $118,688 |