$5,000 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 $5,000 will have grown to $23,305.
You will have earned $18,305 in interest.
How much will savings of $5,000 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $5k 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 $5,000 at 8% Interest
| Year | Amount |
|---|---|
| 0 | $5,000 |
| 1 | $5,400 |
| 2 | $5,832 |
| 3 | $6,299 |
| 4 | $6,802 |
| 5 | $7,347 |
| 6 | $7,934 |
| 7 | $8,569 |
| 8 | $9,255 |
| 9 | $9,995 |
| 10 | $10,795 |
| 11 | $11,658 |
| 12 | $12,591 |
| 13 | $13,598 |
| 14 | $14,686 |
| 15 | $15,861 |
| 16 | $17,130 |
| 17 | $18,500 |
| 18 | $19,980 |
| 19 | $21,579 |
| 20 | $23,305 |
$5,000 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $6,101 |
| 2% | $7,430 |
| 3% | $9,031 |
| 4% | $10,956 |
| 5% | $13,266 |
| 6% | $16,036 |
| 8% | $23,305 |
| 10% | $33,637 |
| 12% | $48,231 |
| 15% | $81,833 |
| 20% | $191,688 |