$500 at 6% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 6% interest, your initial investment of $500 will have grown to $1,604.
You will have earned $1,104 in interest.
How much will savings of $500 be worth in 20 years if invested at a 6.00% interest rate?
This calculator determines the future value of $500 invested for 20 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?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $500 at 6% Interest
Year |
Amount |
0 |
$500.00 |
1 |
$530.00 |
2 |
$561.80 |
3 |
$595.51 |
4 |
$631.24 |
5 |
$669.11 |
6 |
$709.26 |
7 |
$751.82 |
8 |
$796.92 |
9 |
$844.74 |
10 |
$895.42 |
11 |
$949.15 |
12 |
$1,006 |
13 |
$1,066 |
14 |
$1,130 |
15 |
$1,198 |
16 |
$1,270 |
17 |
$1,346 |
18 |
$1,427 |
19 |
$1,513 |
20 |
$1,604 |
$500 for 20 Years by Interest Rate
Rate |
Amount |
1% |
$610.10 |
2% |
$742.97 |
3% |
$903.06 |
4% |
$1,096 |
5% |
$1,327 |
6% |
$1,604 |
8% |
$2,330 |
10% |
$3,364 |
12% |
$4,823 |
15% |
$8,183 |
20% |
$19,169 |