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The Rule of 72
You can determine what kind of savings plan works best for you and your budget by using The Rule of 72 – dividing 72 by the interest rate to estimate the number of years it takes for your money to double.
| Age | 4% | Age | 8% | Age | 12% |
| Money doubles every 18 years | Money doubles every 9 years | Money doubles every 6 years | |||
| 29 | $10,000 | 29 | $10,000 | 29 | $10,000 |
| 47 | $20,000 | 38 | $20,000 | 35 | $20,000 |
| 65 | $40,000 | 47 | $40,000 | 41 | $40,000 |
| 56 | $80,000 | 47 | $80,000 | ||
| 65 | $160,000 | 53 | $160,000 | ||
| 59 | $320,000 | ||||
| 65 | $640,000 | ||||
Form Object
