$1,000 at 6% Interest for 12 Years
How much money will your investment be worth if you let the interest grow?
After investing for 12 years at 6% interest, your initial investment of $1,000 will have grown to $2,012.
You will have earned $1,012 in interest.
How much will savings of $1,000 be worth in 12 years if invested at a 6.00% interest rate?
This calculator determines the future value of $1k invested for 12 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?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $1,000 at 6% Interest
Year |
Amount |
0 |
$1,000 |
1 |
$1,060 |
2 |
$1,124 |
3 |
$1,191 |
4 |
$1,262 |
5 |
$1,338 |
6 |
$1,419 |
7 |
$1,504 |
8 |
$1,594 |
9 |
$1,689 |
10 |
$1,791 |
11 |
$1,898 |
12 |
$2,012 |
$1,000 for 12 Years by Interest Rate
Rate |
Amount |
1% |
$1,127 |
2% |
$1,268 |
3% |
$1,426 |
4% |
$1,601 |
5% |
$1,796 |
6% |
$2,012 |
8% |
$2,518 |
10% |
$3,138 |
12% |
$3,896 |
15% |
$5,350 |
20% |
$8,916 |