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
How to Bake a Pie-R-A
Roth IRAs are tax-advantaged differently from traditional IRAs. Do you know how?
Charitable Giving: Smart from the Heart
Do you have causes that you want to support with donations?
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.