How Long Will It Take My Money to Double?
The Rule of 72 is a quick way to estimate doubling time: divide 72 by the yearly rate. The Rule of 114 does the same for tripling. This calculator shows those shortcuts next to the exact answer for different compounding schedules.
About these numbers
Assumes one fixed rate every year, compounded on the schedule shown, with no deposits, withdrawals, taxes, or fees. The Rule of 72 and Rule of 114 are rough shortcuts, and real investment returns vary from year to year.
This calculator is a hypothetical illustration for educational purposes only. Results are based on the assumptions you enter and the method described above, may vary with each use and over time, do not reflect any specific investment or the deduction of fees or taxes unless stated, and are not a guarantee of future results. The tool does not consider every investment, account type, or strategy that may be available to you. It is not investment, tax, or legal advice. Investing involves risk, including possible loss of principal. 4:8 Financial does not provide tax or legal advice; please consult your CPA or attorney regarding your specific situation.
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