When Will Your Investment Double?

The Rule of 72

Divide 72 by your investment’s annual interest rate to estimate how many years it will take to double.

Consider the Investment Type

Stocks, bonds, and mutual funds have different growth rates.

Market Conditions

Economic factors can affect the speed at which your investment doubles

Compounding Frequency

Investments that compound more frequently may double quickly.

Risk Factor

Higher-risk investments may double quicker but come with increased volatility

Insurance Products with Investment Component

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.