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

Your Changing Definition of Risk in Retirement

Your Changing Definition of Risk in Retirement

A change in your mindset during retirement may drive changes to your portfolio.

Keeping Good Records is Good Business

Keeping Good Records is Good Business

Maintaining good records for your business not only helps to meet your tax and legal obligations, but it can save you money.

Women on the Rise

Women on the Rise

Explore the growing influence women wield over the economy with this handy infographic.