home about us glossary media site map

Discover

Play


This is a quick way to calculate how long it will take to double your money if it is invested at a particular interest rate. It is all about the power of time. You take the interest rate you expect to earn and divide it into 72. If you expect a return of 6%, 72/ 6 = 12, it will take 12 years to double your money.

You will need to upgrade your Flash Player in order to view this navigation.
You may bypass the detection if you're confident that you have Flash installed.

Take a closer look. You are 24 and have $3,000 in savings. You put it in an account that you expect to earn 8%. According to the Power of 72, it will take 9 years to double your money, so at age 33 you will have $6,000 if you add nothing more to the account. At age 42 you will have $12,000 and at age 60 have $48,000 from a $3,000 investment. Your money is working for you. All you had to do was to leave it alone!

You will need to upgrade your Flash Player in order to view this navigation.
You may bypass the detection if you're confident that you have Flash installed.