http://en.wikipedia.org/wiki/Age_of_the_Earth
"In 1862, the physicist William Thomson (who later became Lord Kelvin) of Glasgow published calculations that fixed the age of Earth at between 20 million and 400 million years.[15][16] He assumed that Earth had formed as a completely molten object, and determined the amount of time it would take for the near-surface to cool to its present temperature. His calculations did not account for heat produced via radioactive decay (a process then unknown to science) or convection inside the Earth, which allows more heat to escape from the interior to warm rocks near the surface.[15]"
Slightly OT:
http://en.wikipedia.org/wiki/Geology_of_Venus
"On Earth, plate tectonics allow the escape of heat from the mantle. However, Venus has no evidence of plate tectonics, so the theory is that the interior of the planet heats up (due to the decay of radioactive elements) until material in the mantle is hot enough to force its way to the surface. The subsequent resurfacing event covers most or all of the planet with lava, until the mantle is cool enough for the process to start over."
Think 'Flood Basalts' writ global...