$42,000 at 2% 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 2% interest, your initial investment of $42,000 will have grown to $62,410.
You will have earned $20,410 in interest.
How much will savings of $42,000 be worth in 20 years if invested at a 2.00% interest rate?
This calculator determines the future value of $42k invested for 20 years at a constant yield of 2.00% 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 $42,000 at 2% Interest
Year Amount
0 $42,000
1 $42,840
2 $43,697
3 $44,571
4 $45,462
5 $46,371
6 $47,299
7 $48,245
8 $49,210
9 $50,194
10 $51,198
11 $52,222
12 $53,266
13 $54,331
14 $55,418
15 $56,526
16 $57,657
17 $58,810
18 $59,986
19 $61,186
20 $62,410
$42,000 for 20 Years by Interest Rate
Rate Amount
1% $51,248
2% $62,410
3% $75,857
4% $92,027
5% $111,439
6% $134,700
8% $195,760
10% $282,555
12% $405,144
15% $687,395
20% $1,610,179