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. Here's what the rules look like.

Interest Rate

Enter a rate of return and see what happens.

%

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.

Rules in Motion

While rules are fun to see, your investment strategy should reflect your goals, time horizon, and risk tolerance.

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?

The projected growth rates are based on the hypothetical annual interest rate imputed. The annual interest rate is not representative of any specific investment or combination of investments. The compounded rates are derivative numbers from the hypothetical annual rate imputed.

Have A Question About This Topic?

Thank you! Oops!

Related Content

SECURE Act 2.0: An Overview

SECURE Act 2.0: An Overview

The second iteration of the SECURE Act brings forward several changes to the world of retirement.

Errors and Omissions Insurance

Errors and Omissions Insurance

E&O insurance is specifically designed to protect you, or your company, from the risk of a client’s dissatisfaction.

Dog Bites and Homeowners Insurance

Dog Bites and Homeowners Insurance

Reviewing coverage options is just one thing responsible pet parents can do to help look out for their dogs.