How much money will your investment be worth if you let the interest grow?

Amount

$

Interest Rate

%

Years to Invest

After investing for 10 years at 6% interest, your initial investment of $40,000 will have grown to $71,634.

You will have earned $31,634 in interest.

How much will savings of $40,000 be worth in 10 years if invested at a 6.00% interest rate?

This calculator determines the future value of $40k invested for 10 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 $40,000 at 6% Interest

Year | Amount |
---|---|

0 | $40,000 |

1 | $42,400 |

2 | $44,944 |

3 | $47,641 |

4 | $50,499 |

5 | $53,529 |

6 | $56,741 |

7 | $60,145 |

8 | $63,754 |

9 | $67,579 |

10 | $71,634 |

$40,000 for 10 Years by Interest Rate

Rate | Amount |
---|---|

1% | $44,185 |

2% | $48,760 |

3% | $53,757 |

4% | $59,210 |

5% | $65,156 |

6% | $71,634 |

8% | $86,357 |

10% | $103,750 |

12% | $124,234 |

15% | $161,822 |

20% | $247,669 |