How much money will your investment be worth if you let the interest grow?

Amount

$

Interest Rate

%

Years to Invest

After investing for 10 years at 5% interest, your initial investment of $1,000 will have grown to $1,629.

You will have earned $629 in interest.

Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"

Agreementing 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 $1,000 at 5% Interest

Year | Amount |
---|---|

0 | $1,000 |

1 | $1,050 |

2 | $1,103 |

3 | $1,158 |

4 | $1,216 |

5 | $1,276 |

6 | $1,340 |

7 | $1,407 |

8 | $1,477 |

9 | $1,551 |

10 | $1,629 |

$1,000 for 10 Years by Interest Rate

Rate | Amount |
---|---|

1% | $1,105 |

2% | $1,219 |

3% | $1,344 |

4% | $1,480 |

5% | $1,629 |

6% | $1,791 |

8% | $2,159 |

10% | $2,594 |

12% | $3,106 |

15% | $4,046 |

20% | $6,192 |