$1,000,000 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 $1,000,000 will have grown to $3,207,135.
You will have earned $2,207,135 in interest.
How much will savings of $1,000,000 be worth in 20 years if invested at a 6.00% interest rate?
This calculator determines the future value of $1 million 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 $1,000,000 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 |
| 16 | $2,540,352 |
| 17 | $2,692,773 |
| 18 | $2,854,339 |
| 19 | $3,025,600 |
| 20 | $3,207,135 |
$1,000,000 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,220,190 |
| 2% | $1,485,947 |
| 3% | $1,806,111 |
| 4% | $2,191,123 |
| 5% | $2,653,298 |
| 6% | $3,207,135 |
| 8% | $4,660,957 |
| 10% | $6,727,500 |
| 12% | $9,646,293 |
| 15% | $16,366,537 |
| 20% | $38,337,600 |