$42,000 at 2% Interest for 40 Years

How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 40 years at 2% interest, your initial investment of $42,000 will have grown to $92,738.
You will have earned $50,738 in interest.
How much will savings of $42,000 be worth in 40 years if invested at a 2.00% interest rate?
This calculator determines the future value of $42k invested for 40 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
21 $63,658
22 $64,931
23 $66,230
24 $67,554
25 $68,905
26 $70,284
27 $71,689
28 $73,123
29 $74,585
30 $76,077
31 $77,599
32 $79,151
33 $80,734
34 $82,348
35 $83,995
36 $85,675
37 $87,389
38 $89,137
39 $90,919
40 $92,738
$42,000 for 40 Years by Interest Rate
Rate Amount
1% $62,532
2% $92,738
3% $137,006
4% $201,643
5% $295,680
6% $432,000
8% $912,430
10% $1,900,889
12% $3,908,141
15% $11,250,269
20% $61,730,406