The Power of Interest - How Long Will it take My Money to Double?
Have you ever heard of the Rule of 72? How about the Rule of 114? The Rule of 72 is a shortcut to estimate the number of years it takes for an investment to double, while 114 estimates how long it takes to triple. Better still, use this calculator to get more exact numbers.
Why do you want your investment to double or triple? Does that fit into your overall strategy, or is it just a fun math problem to solve? With saving and growing your money, sometimes hitting singles is a better approach than swinging for a home run.
See How Your Money Grows
Why do you want your investment to double or triple? Does that fit into your overall strategy, or is it just a fun math problem to solve? With saving and growing your money, sometimes hitting singles is a better approach than swinging for a home run.
| Compounded | ||||
|---|---|---|---|---|
| Growth Target | Annually | Monthly | Weekly | Daily |
| Double 2× your investment | 0.0000 years | 0.0000 years | 0.0000 years | 0.0000 years |
| Triple 3× your investment | 0.0000 years | 0.0000 years | 0.0000 years | 0.0000 years |
| 10× Growth 10× your investment | 0.0000 years | 0.0000 years | 0.0000 years | 0.0000 years |
What's Your Time Horizon?
Have A Question About This Topic?
Related Content
Leaving Your Lasting Legacy
Want to do more with your wealth? You might want to consider creating a charitable foundation.
First Year of Retirement: What to Expect
Understand the key financial and lifestyle shifts that happen in your first year of retirement.
What Is My Current Cash Flow?
Assess whether you are running “in the black” or “in the red” each month.