$8,000 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 $8,000 will have grown to $37,288.
You will have earned $29,288 in interest.
How much will savings of $8,000 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $8k 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 $8,000 at 8% Interest
| Year | Amount |
|---|---|
| 0 | $8,000 |
| 1 | $8,640 |
| 2 | $9,331 |
| 3 | $10,078 |
| 4 | $10,884 |
| 5 | $11,755 |
| 6 | $12,695 |
| 7 | $13,711 |
| 8 | $14,807 |
| 9 | $15,992 |
| 10 | $17,271 |
| 11 | $18,653 |
| 12 | $20,145 |
| 13 | $21,757 |
| 14 | $23,498 |
| 15 | $25,377 |
| 16 | $27,408 |
| 17 | $29,600 |
| 18 | $31,968 |
| 19 | $34,526 |
| 20 | $37,288 |
$8,000 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $9,762 |
| 2% | $11,888 |
| 3% | $14,449 |
| 4% | $17,529 |
| 5% | $21,226 |
| 6% | $25,657 |
| 8% | $37,288 |
| 10% | $53,820 |
| 12% | $77,170 |
| 15% | $130,932 |
| 20% | $306,701 |