The Rule of 72.

The Rule of 72 is a simplified way to find how long it will take to double your investment.  For example: 72 divided by 6% interest equals 12 years to double your money.  I find the Rule of 72 very useful if you want to make some quick estimates and don’t have a calculator handy.

Rate of Return Rule of 72 Actual # of years
2% 36 35
5% 14.4 14.2
7% 10.3 10.2
25% 2.9 3.1