$12,000 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 $12,000 will have grown to $38,486.
You will have earned $26,486 in interest.
How much will savings of $12,000 be worth in 20 years if invested at a 6.00% interest rate?
This calculator determines the future value of $12k 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 $12,000 at 6% Interest
Year Amount
0 $12,000
1 $12,720
2 $13,483
3 $14,292
4 $15,150
5 $16,059
6 $17,022
7 $18,044
8 $19,126
9 $20,274
10 $21,490
11 $22,780
12 $24,146
13 $25,595
14 $27,131
15 $28,759
16 $30,484
17 $32,313
18 $34,252
19 $36,307
20 $38,486
$12,000 for 20 Years by Interest Rate
Rate Amount
1% $14,642
2% $17,831
3% $21,673
4% $26,293
5% $31,840
6% $38,486
8% $55,931
10% $80,730
12% $115,756
15% $196,398
20% $460,051