$500,000 at 7% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 7% interest, your initial investment of $500,000 will have grown to $1,379,516.
You will have earned $879,516 in interest.
How much will savings of $500,000 be worth in 15 years if invested at a 7.00% interest rate?
This calculator determines the future value of $500k invested for 15 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 $500,000 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $500,000 |
| 1 | $535,000 |
| 2 | $572,450 |
| 3 | $612,522 |
| 4 | $655,398 |
| 5 | $701,276 |
| 6 | $750,365 |
| 7 | $802,891 |
| 8 | $859,093 |
| 9 | $919,230 |
| 10 | $983,576 |
| 11 | $1,052,426 |
| 12 | $1,126,096 |
| 13 | $1,204,923 |
| 14 | $1,289,267 |
| 15 | $1,379,516 |
$500,000 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $580,484 |
| 2% | $672,934 |
| 3% | $778,984 |
| 4% | $900,472 |
| 5% | $1,039,464 |
| 6% | $1,198,279 |
| 8% | $1,586,085 |
| 10% | $2,088,624 |
| 12% | $2,736,783 |
| 15% | $4,068,531 |
| 20% | $7,703,511 |