$1,000,000 at 6% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 3 years at 6% interest, your initial investment of $1,000,000 will have grown to $1,191,016.
You will have earned $191,016 in interest.
How much will savings of $1,000,000 be worth in 3 years if invested at a 6.00% interest rate?
This calculator determines the future value of $1 million invested for 3 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 |
$1,000,000 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,030,301 |
| 2% | $1,061,208 |
| 3% | $1,092,727 |
| 4% | $1,124,864 |
| 5% | $1,157,625 |
| 6% | $1,191,016 |
| 8% | $1,259,712 |
| 10% | $1,331,000 |
| 12% | $1,404,928 |
| 15% | $1,520,875 |
| 20% | $1,728,000 |