$13,000 at 8% 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 8% interest, your initial investment of $13,000 will have grown to $60,592.
You will have earned $47,592 in interest.
How much will savings of $13,000 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $13k invested for 20 years at a constant yield of 8.00% 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 $13,000 at 8% Interest
| Year | Amount |
|---|---|
| 0 | $13,000 |
| 1 | $14,040 |
| 2 | $15,163 |
| 3 | $16,376 |
| 4 | $17,686 |
| 5 | $19,101 |
| 6 | $20,629 |
| 7 | $22,280 |
| 8 | $24,062 |
| 9 | $25,987 |
| 10 | $28,066 |
| 11 | $30,311 |
| 12 | $32,736 |
| 13 | $35,355 |
| 14 | $38,184 |
| 15 | $41,238 |
| 16 | $44,537 |
| 17 | $48,100 |
| 18 | $51,948 |
| 19 | $56,104 |
| 20 | $60,592 |
$13,000 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $15,862 |
| 2% | $19,317 |
| 3% | $23,479 |
| 4% | $28,485 |
| 5% | $34,493 |
| 6% | $41,693 |
| 8% | $60,592 |
| 10% | $87,457 |
| 12% | $125,402 |
| 15% | $212,765 |
| 20% | $498,389 |