Divide 72 by your investment’s annual interest rate to estimate how many years it will take to double.
Stocks, bonds, and mutual funds have different growth rates.
Economic factors can affect the speed at which your investment doubles
Investments that compound more frequently may double quickly.
Higher-risk investments may double quicker but come with increased volatility
Some life insurance policies, like whole life or universal life, combine life coverage with an investment aspect that can also grow over time, contributing to your financial goals.