$12,000 at 2% Interest for 40 Years

How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 40 years at 2% interest, your initial investment of $12,000 will have grown to $26,496.
You will have earned $14,496 in interest.
How much will savings of $12,000 be worth in 40 years if invested at a 2.00% interest rate?
This calculator determines the future value of $12k invested for 40 years at a constant yield of 2.00% 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 $12,000 at 2% Interest
Year Amount
0 $12,000
1 $12,240
2 $12,485
3 $12,734
4 $12,989
5 $13,249
6 $13,514
7 $13,784
8 $14,060
9 $14,341
10 $14,628
11 $14,920
12 $15,219
13 $15,523
14 $15,834
15 $16,150
16 $16,473
17 $16,803
18 $17,139
19 $17,482
20 $17,831
21 $18,188
22 $18,552
23 $18,923
24 $19,301
25 $19,687
26 $20,081
27 $20,483
28 $20,892
29 $21,310
30 $21,736
31 $22,171
32 $22,614
33 $23,067
34 $23,528
35 $23,999
36 $24,479
37 $24,968
38 $25,468
39 $25,977
40 $26,496
$12,000 for 40 Years by Interest Rate
Rate Amount
1% $17,866
2% $26,496
3% $39,144
4% $57,612
5% $84,480
6% $123,429
8% $260,694
10% $543,111
12% $1,116,612
15% $3,214,363
20% $17,637,259