$600 at 7% 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 7% interest, your $600 investment will have grown to $8,985

How much will savings of $600 be worth in 40 years if invested at a 7.00% interest rate?

This calculator determines the future value of $0.6k invested for 40 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.
Growth of $600 at 7% Interest
Year Amount
0 $600.00
1 $642.00
2 $686.94
3 $735.03
4 $786.48
5 $841.53
6 $900.44
7 $963.47
8 $1,031
9 $1,103
10 $1,180
11 $1,263
12 $1,351
13 $1,446
14 $1,547
15 $1,655
16 $1,771
17 $1,895
18 $2,028
19 $2,170
20 $2,322
21 $2,484
22 $2,658
23 $2,844
24 $3,043
25 $3,256
26 $3,484
27 $3,728
28 $3,989
29 $4,269
30 $4,567
31 $4,887
32 $5,229
33 $5,595
34 $5,987
35 $6,406
36 $6,854
37 $7,334
38 $7,848
39 $8,397
40 $8,985
$600 for 40 Years by Interest Rate
Rate Amount
1% $893.32
2% $1,325
3% $1,957
4% $2,881
5% $4,224
6% $6,171
8% $13,035
10% $27,156
12% $55,831
15% $160,718
20% $881,863