$500 at 8% Interest for 30 Years
How much money will your investment be worth if you let the interest grow?
After investing for 30 years at 8% interest, your initial investment of $500 will have grown to $5,031.
You will have earned $4,531 in interest.
How much will savings of $500 be worth in 30 years if invested at a 8.00% interest rate?
This calculator determines the future value of $500 invested for 30 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?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $500 at 8% Interest
Year |
Amount |
0 |
$500.00 |
1 |
$540.00 |
2 |
$583.20 |
3 |
$629.86 |
4 |
$680.24 |
5 |
$734.66 |
6 |
$793.44 |
7 |
$856.91 |
8 |
$925.47 |
9 |
$999.50 |
10 |
$1,079 |
11 |
$1,166 |
12 |
$1,259 |
13 |
$1,360 |
14 |
$1,469 |
15 |
$1,586 |
16 |
$1,713 |
17 |
$1,850 |
18 |
$1,998 |
19 |
$2,158 |
20 |
$2,330 |
21 |
$2,517 |
22 |
$2,718 |
23 |
$2,936 |
24 |
$3,171 |
25 |
$3,424 |
26 |
$3,698 |
27 |
$3,994 |
28 |
$4,314 |
29 |
$4,659 |
30 |
$5,031 |
$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 |