How to Turn $10,000 Into $160,000 by the Time You Retire

·4 min read
How to Turn $10,000 Into $160,000 by the Time You Retire

For typical rates of expected investment returns, it can help you see how long it will take your money to double. To use it, you divide 72 by the rate of return you anticipate earning, expressed as a number. For instance, if you think you will earn a 9% annual rate of return, the rule of 72 would estimate that your money would double in eight years, dividing 72 by 9 to get eight.

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