$1 at 6% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 6% interest, your initial investment of $1 will have grown to $3.21.
You will have earned $2.21 in interest.
How much will savings of $1 be worth in 20 years if invested at a 6.00% interest rate?
This calculator determines the future value of $1 invested for 20 years at a constant yield of 6.00% 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 $1 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $1.00 |
| 1 | $1.06 |
| 2 | $1.12 |
| 3 | $1.19 |
| 4 | $1.26 |
| 5 | $1.34 |
| 6 | $1.42 |
| 7 | $1.50 |
| 8 | $1.59 |
| 9 | $1.69 |
| 10 | $1.79 |
| 11 | $1.90 |
| 12 | $2.01 |
| 13 | $2.13 |
| 14 | $2.26 |
| 15 | $2.40 |
| 16 | $2.54 |
| 17 | $2.69 |
| 18 | $2.85 |
| 19 | $3.03 |
| 20 | $3.21 |
$1 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1.22 |
| 2% | $1.49 |
| 3% | $1.81 |
| 4% | $2.19 |
| 5% | $2.65 |
| 6% | $3.21 |
| 8% | $4.66 |
| 10% | $6.73 |
| 12% | $9.65 |
| 15% | $16.37 |
| 20% | $38.34 |