General money tools
What regular saving adds up to
A starting balance, a monthly habit, and time.
A starting point, not tax advice. Nothing you type leaves your browser.
What this does not cover. Pure arithmetic on a rate you choose. It is not a forecast, not a product, and not advice about what to do with your money.
How this works
What the number means
Compounding means growth earns growth. The effect is unremarkable over a few years and considerable over a few decades, which is why the number of years matters more than almost any other input here.
The calculator shows what you put in against what the growth added, because seeing those two figures side by side is usually more persuasive than the total.
Worked example. $5,000 to start plus $400 a month for 20 years at 5% grows to about $177,980, of which $101,000 is what you contributed and about $76,980 is growth.
Sources
- Plain arithmetic. No published rate is involved.
Rates change. The CRA page is the authority, and these are reviewed every January.
Next step
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