$6,000 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 $6,000 will have grown to $27,966.
You will have earned $21,966 in interest.
How much will savings of $6,000 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $6k 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 $6,000 at 8% Interest
| Year | Amount |
|---|---|
| 0 | $6,000 |
| 1 | $6,480 |
| 2 | $6,998 |
| 3 | $7,558 |
| 4 | $8,163 |
| 5 | $8,816 |
| 6 | $9,521 |
| 7 | $10,283 |
| 8 | $11,106 |
| 9 | $11,994 |
| 10 | $12,954 |
| 11 | $13,990 |
| 12 | $15,109 |
| 13 | $16,318 |
| 14 | $17,623 |
| 15 | $19,033 |
| 16 | $20,556 |
| 17 | $22,200 |
| 18 | $23,976 |
| 19 | $25,894 |
| 20 | $27,966 |
$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 |