$8,000 at 1% Interest for 30 Years
How much money will your investment be worth if you let the interest grow?
After investing for 30 years at 1% interest, your initial investment of $8,000 will have grown to $10,783.
You will have earned $2,783 in interest.
How much will savings of $8,000 be worth in 30 years if invested at a 1.00% interest rate?
This calculator determines the future value of $8k invested for 30 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?"
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 |
21 |
$9,859 |
22 |
$9,958 |
23 |
$10,057 |
24 |
$10,158 |
25 |
$10,259 |
26 |
$10,362 |
27 |
$10,466 |
28 |
$10,570 |
29 |
$10,676 |
30 |
$10,783 |
$8,000 for 30 Years by Interest Rate
Rate |
Amount |
1% |
$10,783 |
2% |
$14,491 |
3% |
$19,418 |
4% |
$25,947 |
5% |
$34,576 |
6% |
$45,948 |
8% |
$80,501 |
10% |
$139,595 |
12% |
$239,679 |
15% |
$529,694 |
20% |
$1,899,011 |