$20,000 at 5% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 5% interest, your initial investment of $20,000 will have grown to $41,579.
You will have earned $21,579 in interest.
How much will savings of $20,000 be worth in 15 years if invested at a 5.00% interest rate?
This calculator determines the future value of $20k invested for 15 years at a constant yield of 5.00% 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 $20,000 at 5% Interest
| Year | Amount |
|---|---|
| 0 | $20,000 |
| 1 | $21,000 |
| 2 | $22,050 |
| 3 | $23,153 |
| 4 | $24,310 |
| 5 | $25,526 |
| 6 | $26,802 |
| 7 | $28,142 |
| 8 | $29,549 |
| 9 | $31,027 |
| 10 | $32,578 |
| 11 | $34,207 |
| 12 | $35,917 |
| 13 | $37,713 |
| 14 | $39,599 |
| 15 | $41,579 |
$20,000 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $23,219 |
| 2% | $26,917 |
| 3% | $31,159 |
| 4% | $36,019 |
| 5% | $41,579 |
| 6% | $47,931 |
| 8% | $63,443 |
| 10% | $83,545 |
| 12% | $109,471 |
| 15% | $162,741 |
| 20% | $308,140 |