Growth Time Calculator

Written by:
PK

How long until your investment doubles, triples, or quadruples – or loses half its value? This growth time calculator tells you how many periods it takes for a quantity to reach a target multiple given a constant growth rate.

Growth Time Calculator

Using the growth time calculator

Select a growth target – Double (2×), Triple (3×), or Quadruple (4×) – then enter your expected Rate per period as a percentage. The calculator instantly shows how many periods it takes to reach that multiple.

The period can be whatever timeframe matches your rate: years, months, days – the math works the same.

The growth time formula

The formula for calculating growth time is:

t = \frac{\ln(n)}{\ln(1 + r)}

Where:

  • t = number of periods to reach the target
  • n = the growth multiple (2 for doubling, 3 for tripling, 4 for quadrupling)
  • r = the rate per period as a decimal (e.g., 7% = 0.07)
  • ln = the natural logarithm

Deriving the formula

Start with the compound growth formula:

A = P(1 + r)^t

If we want A = nP (the amount to be n times the principal):

nP = P(1 + r)^t

Divide both sides by P and take the natural log:

\ln(n) = t \cdot \ln(1 + r)

Solving for t:

t = \frac{\ln(n)}{\ln(1 + r)}

Example calculations

Doubling at 7% annual return

How long to double an investment growing at 7% per year?

t = \frac{\ln(2)}{\ln(1.07)} = \frac{0.693}{0.068} \approx 10.24 \text{ years}

Tripling at 10% annual return

t = \frac{\ln(3)}{\ln(1.10)} = \frac{1.099}{0.095} \approx 11.53 \text{ years}

The Rule of 72 (and friends)

The Rule of 72 is a mental math shortcut for doubling time:

\text{Doubling time} \approx \frac{72}{\text{rate \%}}

At 8%, money doubles in roughly 72 / 8 = 9 years. It's surprisingly accurate for rates between 5-15%.

For tripling, use the Rule of 115: 115 / rate%. For quadrupling, use Rule of 144 (which is just double the doubling time).

Dedicated calculators

For focused tools, try these dedicated calculators:

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PK

PK started DQYDJ in 2009 to research and discuss finance and investing and help answer financial questions. He's expanded DQYDJ to build visualizations, calculators, and interactive tools.

PK lives in New Hampshire with his wife, kids, and dog.

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