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Doubling Your Money

Doubling Your Money

March 22, 2020
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Doubling Your Money

Compound interest can have a dramatic affect on the growth of a single deposit. By dividing 72 by your investment return you can estimate the amount of time it may take for your money to be worth about twice as much as it is today.

Future value of savings

 
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This is a hypothetical example used for illustrative purposes only. It is not representative of any specific investment or combination of investments. Actual results will vary. This calculator provides projections based on certain assumptions. It is not intended to provide specific investment advice. The rate of return on investments will vary over time, particularly for longer-term investments. Investments that offer the potential for high returns also carry a high degree of risk. Actual returns will fluctuate. The types of securities and strategies illustrated may not be suitable for everyone.