$990,000 at 1% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 1% interest, your initial investment of $990,000 will have grown to $1,040,500.
You will have earned $50,500 in interest.
How much will savings of $990,000 be worth in 5 years if invested at a 1.00% interest rate?
This calculator determines the future value of $990k invested for 5 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 $990,000 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $990,000 |
| 1 | $999,900 |
| 2 | $1,009,899 |
| 3 | $1,019,998 |
| 4 | $1,030,198 |
| 5 | $1,040,500 |
$990,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,040,500 |
| 2% | $1,093,040 |
| 3% | $1,147,681 |
| 4% | $1,204,486 |
| 5% | $1,263,519 |
| 6% | $1,324,843 |
| 8% | $1,454,635 |
| 10% | $1,594,405 |
| 12% | $1,744,718 |
| 15% | $1,991,244 |
| 20% | $2,463,437 |