$60 at 1% Interest for 40 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 40 years at 1% interest, your initial investment of $60 will have grown to $89.33.
You will have earned $29.33 in interest.
How much will savings of $60 be worth in 40 years if invested at a 1.00% interest rate?
This calculator determines the future value of $60 invested for 40 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 $60 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $60.00 |
| 1 | $60.60 |
| 2 | $61.21 |
| 3 | $61.82 |
| 4 | $62.44 |
| 5 | $63.06 |
| 6 | $63.69 |
| 7 | $64.33 |
| 8 | $64.97 |
| 9 | $65.62 |
| 10 | $66.28 |
| 11 | $66.94 |
| 12 | $67.61 |
| 13 | $68.29 |
| 14 | $68.97 |
| 15 | $69.66 |
| 16 | $70.35 |
| 17 | $71.06 |
| 18 | $71.77 |
| 19 | $72.49 |
| 20 | $73.21 |
| 21 | $73.94 |
| 22 | $74.68 |
| 23 | $75.43 |
| 24 | $76.18 |
| 25 | $76.95 |
| 26 | $77.72 |
| 27 | $78.49 |
| 28 | $79.28 |
| 29 | $80.07 |
| 30 | $80.87 |
| 31 | $81.68 |
| 32 | $82.50 |
| 33 | $83.32 |
| 34 | $84.15 |
| 35 | $85.00 |
| 36 | $85.85 |
| 37 | $86.70 |
| 38 | $87.57 |
| 39 | $88.45 |
| 40 | $89.33 |
$60 for 40 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $89.33 |
| 2% | $132.48 |
| 3% | $195.72 |
| 4% | $288.06 |
| 5% | $422.40 |
| 6% | $617.14 |
| 8% | $1,303 |
| 10% | $2,716 |
| 12% | $5,583 |
| 15% | $16,072 |
| 20% | $88,186 |