$6,000 at 1% 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 1% interest, your initial investment of $6,000 will have grown to $7,321.
You will have earned $1,321 in interest.
How much will savings of $6,000 be worth in 20 years if invested at a 1.00% interest rate?
This calculator determines the future value of $6k invested for 20 years at a constant yield of 1.00% 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 $6,000 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $6,000 |
| 1 | $6,060 |
| 2 | $6,121 |
| 3 | $6,182 |
| 4 | $6,244 |
| 5 | $6,306 |
| 6 | $6,369 |
| 7 | $6,433 |
| 8 | $6,497 |
| 9 | $6,562 |
| 10 | $6,628 |
| 11 | $6,694 |
| 12 | $6,761 |
| 13 | $6,829 |
| 14 | $6,897 |
| 15 | $6,966 |
| 16 | $7,035 |
| 17 | $7,106 |
| 18 | $7,177 |
| 19 | $7,249 |
| 20 | $7,321 |
$6,000 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $7,321 |
| 2% | $8,916 |
| 3% | $10,837 |
| 4% | $13,147 |
| 5% | $15,920 |
| 6% | $19,243 |
| 8% | $27,966 |
| 10% | $40,365 |
| 12% | $57,878 |
| 15% | $98,199 |
| 20% | $230,026 |