What is the Rule of 72?
Divide 72 by your interest rate and you get the exact number of years it takes your money to double. At 2%, your money doubles every 36 years. At 12%, every 6 years. The bank advertises safety — they don't advertise this formula, because if their clients knew it, they'd ask harder questions.
Your Numbers
Current Age 30
Starting Amount
$
Interest Rate — 4%
AT 4% — YOUR RATE
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—
AT 12% — PMM TARGET
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12% Growth
4% Your Rate
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That is the cost of not knowing.
This calculator is for educational and illustrative purposes only. It does not constitute financial, legal, or tax advice. Results are estimates based on assumptions and may not reflect actual investment performance. For personalized advice, book a free consultation with Igor Bazylewicz, Licensed Financial Advisor, WFG Canada.
© MelioraMomentum — Igor Bazylewicz. All rights reserved.
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