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How much will $1,000 be worth in 20 years?

About $3,870 at a 7% average annual return. Below: the result at returns from 4% to 10%, the balance year by year, the range in 1,000 simulated markets, what it would pay in retirement, and other amounts and terms.

Short answer: About $3,870 after 20 years at a 7% average annual return, 3.9 times the $1,000. In today’s dollars, at 3% inflation, that is about $2,143. At 5% it is $2,653; at 10%, $6,727.

$1,000 for 20 years at returns from 4% to 10%

$1,000 after 20 years, by average annual return
ReturnBalanceMultipleIn today’s dollars
4%$2,1912.2×$1,213
5%$2,6532.7×$1,469
6%$3,2073.2×$1,776
7%$3,8703.9×$2,143
8%$4,6614.7×$2,581
10%$6,7276.7×$3,725

Year by year at 7%

$1,000, balance at the end of each year, 7% return
YearPut in so farBalanceIn today’s dollars
1$1,000$1,070$1,039
2$1,000$1,145$1,079
3$1,000$1,225$1,121
4$1,000$1,311$1,165
5$1,000$1,403$1,210
6$1,000$1,501$1,257
7$1,000$1,606$1,306
8$1,000$1,718$1,356
9$1,000$1,838$1,409
10$1,000$1,967$1,464
11$1,000$2,105$1,521
12$1,000$2,252$1,580
13$1,000$2,410$1,641
14$1,000$2,579$1,705
15$1,000$2,759$1,771
16$1,000$2,952$1,840
17$1,000$3,159$1,911
18$1,000$3,380$1,985
19$1,000$3,617$2,062
20$1,000$3,870$2,143

The range in 1,000 simulated markets

A 7% average does not arrive as 7% every year. In 1,000 simulated sequences of returns averaging 7% with 12% volatility, this is where $1,000 ended up: 1 in 10 markets finished below the first figure, half below the middle one, and 1 in 10 above the last.

$1,000: balance in 1,000 simulated markets
AfterWeak (1 in 10 lower)MiddleStrong (1 in 10 higher)
10 years$1,164$1,849$2,849
20 years$1,740$3,337$6,418

The middle of the simulation sits below the steady 7% figure of $3,870 because ups and downs cost compounding: a 20% loss needs a 25% gain to get back.

What $3,870 would pay in retirement

At a 4% first-year withdrawal, $3,870 pays about $155 a year, $13 a month, before tax; in today’s dollars that is about $86 a year. How long a balance near it lasts at each withdrawal: how long $100,000 lasts. To stop saving early and let growth do the rest, see Coast FIRE numbers by age.

$1,000 for other terms

$1,000 at 7%, by number of years
YearsBalanceIn today’s dollars
$1,000 for 5 years$1,403$1,210
$1,000 for 10 years$1,967$1,464
$1,000 for 15 years$2,759$1,771
20 years$3,870$2,143
$1,000 for 25 years$5,427$2,592
$1,000 for 30 years$7,612$3,136
$1,000 for 40 years$14,974$4,591
$1,000 for 50 years$29,457$6,719

Other amounts for 20 years

$5,000: $19,348, $10,000: $38,697, $20,000: $77,394, $25,000: $96,742, $50,000: $193,484, $100,000: $386,968, $200,000: $773,937, $250,000: $967,421, $500,000: $1,934,842, $1,000,000: $3,869,684, $2,000,000: $7,739,369.

How it is worked out

Monthly amounts are deposited at the end of each month and compounded monthly at the rate that equals the annual return; lump sums compound once a year. The headline return is 7% a year, the Trinity-style average the site’s retirement pages use; stock-heavy portfolios have averaged more over long periods and bond-heavy ones less, which is why every page shows 4% to 10%. Today’s dollars divide by 3% inflation a year. The range comes from 1,000 simulated sequences of yearly returns averaging 7% with 12% volatility, with each year’s deposits added through the year. Fees and taxes are not taken out. More on the methodology page.

Frequently asked questions

How much will $1,000 be worth in 20 years?
About $3,870 at a 7% average annual return with nothing added or taken out. At 5% it is $2,653; at 10%, $6,727. After 3% inflation, the 7% figure buys what $2,143 buys today.
How long does it take $1,000 to double?
About 10.2 years at 7%, 14.2 years at 5% and 7.3 years at 10%. The rule of 72 gets close: 72 divided by the return in percent.
How much income would $3,870 pay in retirement?
About $155 a year, $13 a month, at a 4% first-year withdrawal, before tax.