$6,000 at 3% 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 3% interest, your initial investment of $6,000 will have grown to $10,837.
You will have earned $4,837 in interest.
How much will savings of $6,000 be worth in 20 years if invested at a 3.00% interest rate?
This calculator determines the future value of $6k invested for 20 years at a constant yield of 3.00% 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 3% Interest
| Year | Amount |
|---|---|
| 0 | $6,000 |
| 1 | $6,180 |
| 2 | $6,365 |
| 3 | $6,556 |
| 4 | $6,753 |
| 5 | $6,956 |
| 6 | $7,164 |
| 7 | $7,379 |
| 8 | $7,601 |
| 9 | $7,829 |
| 10 | $8,063 |
| 11 | $8,305 |
| 12 | $8,555 |
| 13 | $8,811 |
| 14 | $9,076 |
| 15 | $9,348 |
| 16 | $9,628 |
| 17 | $9,917 |
| 18 | $10,215 |
| 19 | $10,521 |
| 20 | $10,837 |
$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 |