$8,000 at 1% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 1% interest, your initial investment of $8,000 will have grown to $9,762.
You will have earned $1,762 in interest.
How much will savings of $8,000 be worth in 20 years if invested at a 1.00% interest rate?
This calculator determines the future value of $8k invested for 20 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 $8,000 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $8,000 |
| 1 | $8,080 |
| 2 | $8,161 |
| 3 | $8,242 |
| 4 | $8,325 |
| 5 | $8,408 |
| 6 | $8,492 |
| 7 | $8,577 |
| 8 | $8,663 |
| 9 | $8,749 |
| 10 | $8,837 |
| 11 | $8,925 |
| 12 | $9,015 |
| 13 | $9,105 |
| 14 | $9,196 |
| 15 | $9,288 |
| 16 | $9,381 |
| 17 | $9,474 |
| 18 | $9,569 |
| 19 | $9,665 |
| 20 | $9,762 |
$8,000 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $9,762 |
| 2% | $11,888 |
| 3% | $14,449 |
| 4% | $17,529 |
| 5% | $21,226 |
| 6% | $25,657 |
| 8% | $37,288 |
| 10% | $53,820 |
| 12% | $77,170 |
| 15% | $130,932 |
| 20% | $306,701 |