$3,000 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 $3,000 will have grown to $13,983.
You will have earned $10,983 in interest.
How much will savings of $3,000 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $3k 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 $3,000 at 8% Interest
| Year | Amount |
|---|---|
| 0 | $3,000 |
| 1 | $3,240 |
| 2 | $3,499 |
| 3 | $3,779 |
| 4 | $4,081 |
| 5 | $4,408 |
| 6 | $4,761 |
| 7 | $5,141 |
| 8 | $5,553 |
| 9 | $5,997 |
| 10 | $6,477 |
| 11 | $6,995 |
| 12 | $7,555 |
| 13 | $8,159 |
| 14 | $8,812 |
| 15 | $9,517 |
| 16 | $10,278 |
| 17 | $11,100 |
| 18 | $11,988 |
| 19 | $12,947 |
| 20 | $13,983 |
$3,000 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $3,661 |
| 2% | $4,458 |
| 3% | $5,418 |
| 4% | $6,573 |
| 5% | $7,960 |
| 6% | $9,621 |
| 8% | $13,983 |
| 10% | $20,182 |
| 12% | $28,939 |
| 15% | $49,100 |
| 20% | $115,013 |