A simple mental math shortcut to estimate how long it takes your money to double โ or what rate you need to hit a doubling target.
Your money doubles in
โ
Doubles 3ร in
โ
Doubles 5ร in
โ
7%
$10,000
Doubling time at common rates
Rate
Doubles every
10ร your money in
Required annual rate
โ
At this rate, $10k becomes
โ
10 yrs
How it works: Just divide 72 by the number of years you want to double your money in โ the result is the annual return you'd need to make that happen.