$7,000 at 3% 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 3% interest, your initial investment of $7,000 will have grown to $16,991.
You will have earned $9,991 in interest.
How much will savings of $7,000 be worth in 30 years if invested at a 3.00% interest rate?
This calculator determines the future value of $7k invested for 30 years at a constant yield of 3.00% 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 $7,000 at 3% Interest
| Year | Amount |
|---|---|
| 0 | $7,000 |
| 1 | $7,210 |
| 2 | $7,426 |
| 3 | $7,649 |
| 4 | $7,879 |
| 5 | $8,115 |
| 6 | $8,358 |
| 7 | $8,609 |
| 8 | $8,867 |
| 9 | $9,133 |
| 10 | $9,407 |
| 11 | $9,690 |
| 12 | $9,980 |
| 13 | $10,280 |
| 14 | $10,588 |
| 15 | $10,906 |
| 16 | $11,233 |
| 17 | $11,570 |
| 18 | $11,917 |
| 19 | $12,275 |
| 20 | $12,643 |
| 21 | $13,022 |
| 22 | $13,413 |
| 23 | $13,815 |
| 24 | $14,230 |
| 25 | $14,656 |
| 26 | $15,096 |
| 27 | $15,549 |
| 28 | $16,015 |
| 29 | $16,496 |
| 30 | $16,991 |
$7,000 for 30 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $9,435 |
| 2% | $12,680 |
| 3% | $16,991 |
| 4% | $22,704 |
| 5% | $30,254 |
| 6% | $40,204 |
| 8% | $70,439 |
| 10% | $122,146 |
| 12% | $209,719 |
| 15% | $463,482 |
| 20% | $1,661,634 |