$1,000,000 at 6% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 6% interest, your initial investment of $1,000,000 will have grown to $2,396,558.
You will have earned $1,396,558 in interest.
How much will savings of $1,000,000 be worth in 15 years if invested at a 6.00% interest rate?
This calculator determines the future value of $1 million invested for 15 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 $1,000,000 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $1,000,000 |
| 1 | $1,060,000 |
| 2 | $1,123,600 |
| 3 | $1,191,016 |
| 4 | $1,262,477 |
| 5 | $1,338,226 |
| 6 | $1,418,519 |
| 7 | $1,503,630 |
| 8 | $1,593,848 |
| 9 | $1,689,479 |
| 10 | $1,790,848 |
| 11 | $1,898,299 |
| 12 | $2,012,196 |
| 13 | $2,132,928 |
| 14 | $2,260,904 |
| 15 | $2,396,558 |
$1,000,000 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,160,969 |
| 2% | $1,345,868 |
| 3% | $1,557,967 |
| 4% | $1,800,944 |
| 5% | $2,078,928 |
| 6% | $2,396,558 |
| 8% | $3,172,169 |
| 10% | $4,177,248 |
| 12% | $5,473,566 |
| 15% | $8,137,062 |
| 20% | $15,407,022 |