cardiff-stage.fmg.ninja

320-420-9923

Investment

The Power of Interest - How Long Will it take My Money to Do

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.

Interest Rate

Enter your expected annual interest rate to see how long it will take your investment to grow.

This is an example value. Update it to reflect your expected rate of return.

%

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 TargetAnnuallyMonthlyWeeklyDaily
Double2× your investment0.0000years0.0000years0.0000years0.0000years
Triple3× your investment0.0000years0.0000years0.0000years0.0000years
10× Growth10× your investment0.0000years0.0000years0.0000years0.0000years

What's Your Time Horizon?

These figures are estimates based on the interest rate you provided. Actual investment returns will vary based on market conditions and investment choices. Estimates only — not financial advice.

 

Related Content

The Five Basics of Financial Literacy

The Five Basics of Financial Literacy

How literate are you when it comes to your finances? Brush up with these five basics.

Does Your Portfolio Fit Your Retirement Lifestyle?

Does Your Portfolio Fit Your Retirement Lifestyle?

Lifestyle considerations in creating your retirement portfolio.

Top 5 Things to Tell Your Financial Pro

Top 5 Things to Tell Your Financial Pro

Here are the top 5 things your team may want to hear.

 

Have A Question About This Topic?


Thank you! Oops!

Understanding Extended Care

Understanding the types of extended care services—and what those services could cost—may be critical.

Insurance Needs Assessment: For Empty Nesters and Retirees

Do your insurance needs stay the same when the nest empties?

Variable Universal Life Insurance

Variable Universal Life is permanent insurance in which the policyholder directs how premiums are invested.

View all articles

Social Security Taxes

Estimate how much of your Social Security benefit may be considered taxable.

Estimate Your RMD

Help determine the required minimum distribution from an IRA or other qualified retirement plan.

How Much Home Can I Afford?

With a few simple inputs you can estimate how much of a mortgage you may be able to obtain.

View all calculators

A New Way to Look at Your Bucket List

Bucket lists don’t have to be for tomorrow.

Emerging Market Opportunities

What are your options for investing in emerging markets?

Global and International Funds

Investors seeking world investments can choose between global and international funds. What's the difference?

View all videos