$600 at 8% 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 8% interest, your $600 investment will have grown to $13,035

How much will savings of $600 be worth in 40 years if invested at a 8.00% interest rate?

This calculator determines the future value of $0.6k invested for 40 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.
Growth of $600 at 8% Interest
Year Amount
0 $600.00
1 $648.00
2 $699.84
3 $755.83
4 $816.29
5 $881.60
6 $952.12
7 $1,028
8 $1,111
9 $1,199
10 $1,295
11 $1,399
12 $1,511
13 $1,632
14 $1,762
15 $1,903
16 $2,056
17 $2,220
18 $2,398
19 $2,589
20 $2,797
21 $3,020
22 $3,262
23 $3,523
24 $3,805
25 $4,109
26 $4,438
27 $4,793
28 $5,176
29 $5,590
30 $6,038
31 $6,521
32 $7,042
33 $7,606
34 $8,214
35 $8,871
36 $9,581
37 $10,347
38 $11,175
39 $12,069
40 $13,035
$600 for 40 Years by Interest Rate
Rate Amount
1% $893.32
2% $1,325
3% $1,957
4% $2,881
5% $4,224
6% $6,171
8% $13,035
10% $27,156
12% $55,831
15% $160,718
20% $881,863