How much money will your investment be worth if you let the interest grow?

Amount

$

Interest Rate

%

Years to Invest

After investing for 12 years at 2% interest, your initial investment of $42,000 will have grown to $53,266.

You will have earned $11,266 in interest.

How much will savings of $42,000 be worth in 12 years if invested at a 2.00% interest rate?

This calculator determines the future value of $42k invested for 12 years at a constant yield of 2.00% 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 $42,000 at 2% Interest

Year | Amount |
---|---|

0 | $42,000 |

1 | $42,840 |

2 | $43,697 |

3 | $44,571 |

4 | $45,462 |

5 | $46,371 |

6 | $47,299 |

7 | $48,245 |

8 | $49,210 |

9 | $50,194 |

10 | $51,198 |

11 | $52,222 |

12 | $53,266 |

$42,000 for 12 Years by Interest Rate

Rate | Amount |
---|---|

1% | $47,327 |

2% | $53,266 |

3% | $59,882 |

4% | $67,243 |

5% | $75,426 |

6% | $84,512 |

8% | $105,763 |

10% | $131,814 |

12% | $163,631 |

15% | $224,711 |

20% | $374,476 |