Compound Interest Calculator
Growth with compound interest and optional monthly deposits.
Estimate how many years it takes money to double at a given return, or the return needed to double in a set time. The rule of 72 calculator puts the shortcut next to the exact answer.
years ≈ 72 ÷ rate rate ≈ 72 ÷ years exact years = ln 2 ÷ ln(1 + rate ÷ 100) exact rate = (2^(1 ÷ years) − 1) × 100
72 is used because it divides evenly by many common rates and is close to the exact result between about 6% and 10%.
The rule applies to anything that compounds. A credit card at 24% doubles what you owe in about 3 years if nothing is paid. Inflation of 3% halves the buying power of cash in about 24 years.
A quick way to estimate doubling time: divide 72 by the yearly percentage return.
Within about a few percent for rates between 6% and 10%. It gets less accurate at very high or very low rates.
They are variations. 69.3 is closest for continuous compounding; 72 is easier to divide in your head.
Often used together with the Rule of 72 Calculator.
Growth with compound interest and optional monthly deposits.
Compound annual growth rate between two values.
Savings at retirement and how long the money lasts.