What If You Could Safely Double Your Retirement Investments In Ten Years?
Doubling your investments sounds awesome. Doubling is powerful: two becomes four, four become eight, eight becomes 16.
If you could double your investments safely every ten years, then that means you only need to have one-half of your final retirement savings stashed away, ten years before you plan on retiring.
That makes saving for retirement sound a lot easier, doesn't it?
My free R Minus 10 calculator and e-book tell you how to make doubling your money work for you.
Use This Retirement Calculator To Make Your Money Work Harder For You
Lots of retirement advice urges you to reach your retirement "number," some amount of money that you'll need to be financially independent and stable.
The good news is, compound interest will earn the majority of your retirement savings number for you.
The bad news is, you can't postpone your retirement savings and make up for lost time later. Compound interest needs time to work.
How close are you to reaching half your retirement number, at least ten years before you plan to retire?
My free R Minus Ten retirement calculator shows you whether you're on track to hit this important retirement milestone. The accompanying e-book gives you advice on what to do, whether you're on track, way behind, or just getting started.
Seven Percent and the Law of 72
Since the 1400s, investors have known about the Rule of 72, which says
Divide 72 by the interest rate you earn to learn the approximate number of years needed to double your money through compounding.
This rule means that investments earning seven percent a year will double in size in 10 years (and a couple months).
Where can you reliably average seven percent returns on your investments?
The U.S. stock market has averaged more than seven percent returns since 1928. That's 90 years which include two world wars, the Great Depression, and the Great Recession. The stock market seems a good place to start.
My free R Minus Ten calculator and e-book explain more about the Rule of 72 and how to apply it in building your retirement.