MS SQL Server autogrow configuration with heavy loaded database
1 MB is not the right choice for autogrowth !

You should always set auto growth to a sensible value that suits your environment. I tend to capture the autgrowth value for a month and then average it out to give me a ball park figure of autogrowth for my database .

I have provided a sample script here as well. Also refer to Mike Walsh's answer.

The default trace keeps track of AUTOGROWTH events out-of-the box. Below script will give you a good starting point.

Also, Instant file initialization is a boon when auto growth kicks in (ONLY applies to data files).

IF OBJECT_ID('tempdb..#autogrowthTotal') IS NOT NULL
    DROP TABLE #autogrowthTotal;
IF OBJECT_ID('tempdb..#autogrowthTotal_Final') IS NOT NULL
    DROP TABLE #autogrowthTotal_Final;

DECLARE @filename NVARCHAR(1000);
DECLARE @bc INT;
DECLARE @ec INT;
DECLARE @bfn VARCHAR(1000);
DECLARE @efn VARCHAR(10);

-- Get the name of the current default trace
SELECT @filename = CAST(value AS NVARCHAR(1000))
FROM ::fn_trace_getinfo(DEFAULT)
WHERE traceid = 1 AND property = 2;

-- rip apart file name into pieces
SET @filename = REVERSE(@filename);
SET @bc = CHARINDEX('.',@filename);
SET @ec = CHARINDEX('_',@filename)+1;
SET @efn = REVERSE(SUBSTRING(@filename,1,@bc));
SET @bfn = REVERSE(SUBSTRING(@filename,@ec,LEN(@filename)));

-- set filename without rollover number
SET @filename = @bfn + @efn

-- process all trace files
SELECT
  ftg.StartTime
  ,te.name AS EventName
,DB_NAME(ftg.databaseid) AS DatabaseName  
,ftg.[FileName] as LogicalFileName
,(ftg.IntegerData*8)/1024.0 AS GrowthMB
,(ftg.duration/1000)AS DurMS
,mf.physical_name AS PhysicalFileName
into #autogrowthTotal
FROM ::fn_trace_gettable(@filename, DEFAULT) AS ftg
INNER JOIN sys.trace_events AS te ON ftg.EventClass = te.trace_event_id 
join sys.master_files mf on (mf.database_id = ftg.databaseid) and (mf.name = ftg.[FileName]) 
WHERE (ftg.EventClass = 92  -- Data File Auto-grow
    OR ftg.EventClass = 93) -- Log File Auto-grow
ORDER BY ftg.StartTime

select count(1) as NoOfTimesEventFired
        , CONVERT(VARCHAR(10), StartTime, 120) as StartTime
        , EventName
        , DatabaseName
        , [LogicalFileName]
        , PhysicalFileName
        , SUM(GrowthMB) as TotalGrowthMB
        , SUM(DurMS) as TotalDurationMS
into #autogrowthTotal_Final
from #autogrowthTotal
group by CONVERT(VARCHAR(10), StartTime, 120),EventName,DatabaseName, [LogicalFileName], PhysicalFileName
--having count(1) &gt; 5 or SUM(DurMS)/1000 &gt; 60 -- change this for finetuning....
order by CONVERT(VARCHAR(10), StartTime, 120)

select * from #autogrowthTotal_Final


Original Script from SimpleTalk.com (modified a bit to help me for reporting).