Investment calculator

Tips

• This tool only provides general projections based on estimates. Results not guaranteed.
• If the tool cannot understand your input for any field (because you entered inappropriate characters such as letters), it will revert to the default value for that field.
• Remember that the net amount contributed may be lowered if your contributions are tax deductible, and conversely that the actual amount of income/growth may be lowered if your gains are not tax sheltered by RRSPs or other means.
• To estimate results in today's dollars, ie. accounting for inflation, subtract the estimated annual inflation rate from the estimated annual return on investment. 10.7% is the historical market average, and inflation in Canada averages 2-3% annually, so 8% is a good estimated annual return after inflation.
• The amount of interest earned in the last period will be the estimated income earned each period in retirement (or when you stop contributing). If you contributed 12 times/year, this would be your monthly income.
• However, if your retirement will be a long one, it may be prudent to live on as little as half this amount (ie, withdrawing 4% annually). Living this conservatively would insulate your retirement fund from damage by protracted market downturns, but also risks leaving an excessively large estate which will be expensive and complicated to administer.