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.

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?

Related Content

The Long Run: Women and Retirement

For women, retirement strategy is a long race. It’s helpful to know the route.

Key Money Moments: 4 Times You Should Talk to a Pro

Life happens fast, and your finances can take a backseat if you’re not careful. Is it time to check in with a financial professional? This infographic will help you examine your own financial situation and decide if it’s time to step up your financial game.

Teen Drinking and Your Liability

Drinking may be a “rite of passage” for teens, but when it occurs in your home you may be held responsible for their actions.