How Many Days to Turn a Penny into a Million Dollars?

Lets assume you have a penny (once cent).

Lets say you invested the penny and at the end of the first day it doubled. You would then have two cents. Nothing to get excited about right?

Lets assume you started investing day after day. So on day two you invested your two cents and ended the day with 4 cents. Each succeeding day you invested and every day you doubled your money.


How many days would it take before you had $1,000,000 (one million dollars)?

If you don't know the answer to this question off the top of your head, you might be surprised when you learn the answer.

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Answer: 28 days.

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Bob DeMarco is the editor of the Alzheimer's Reading Room and an Alzheimer's caregiver. The Alzheimer's Reading Room is the number one website on the Internet for news, advice, and insight into Alzheimer's disease. Bob has written more than 950 articles with more than 8,000 links on the Internet. Bob resides in Delray Beach, FL.

Original content Bob DeMarco, Alzheimer's Reading Room