$6,000 at 6% 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 6% interest, your initial investment of $6,000 will have grown to $19,243.
You will have earned $13,243 in interest.
How much will savings of $6,000 be worth in 20 years if invested at a 6.00% interest rate?
This calculator determines the future value of $6k 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?"
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 6% Interest
| Year | Amount |
|---|---|
| 0 | $6,000 |
| 1 | $6,360 |
| 2 | $6,742 |
| 3 | $7,146 |
| 4 | $7,575 |
| 5 | $8,029 |
| 6 | $8,511 |
| 7 | $9,022 |
| 8 | $9,563 |
| 9 | $10,137 |
| 10 | $10,745 |
| 11 | $11,390 |
| 12 | $12,073 |
| 13 | $12,798 |
| 14 | $13,565 |
| 15 | $14,379 |
| 16 | $15,242 |
| 17 | $16,157 |
| 18 | $17,126 |
| 19 | $18,154 |
| 20 | $19,243 |
$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 |