Savings Growth
Use this calculator to compare
the growth of two investments.
| Investment 1 | Investment 2 | |
| Initial investment |
10,000
|
10,000
|
| Regular investment |
250
|
200
|
| Monthly or Annually? | ||
| Start or end of period? | ||
| Start investing at age |
25
|
35
|
| Stop investing at age |
65
|
65
|
| Years of growth |
40
|
30
|
| Rate of return |
6.00%
|
5.00%
|
| Future value | $609,737 | $261,129 |
Net Family Income
Your adjusted net family income is used to calculate an additional CESG grant amount where applicable.
Your adjusted net family income is used to calculate an additional CESG grant amount where applicable.
Annual RESP Contribution
There is no annual RESP contribution limit but there is a lifetime maximum limit of $50,000.
There is no annual RESP contribution limit but there is a lifetime maximum limit of $50,000.
Input Error: Contribute for (years)
The maximum value you can enter is 18 years.
The maximum value you can enter is 18 years.
Input Error: Rate of return
The maximum rate of return you can enter is 15.00%.
The maximum rate of return you can enter is 15.00%.
Input Error: Annual RESP Contribution
You have exceeded the $50,000 maximum lifetime limit by . Enter a lower Annual RESP contribution amount, or decrease the number of contribution years.
You have exceeded the $50,000 maximum lifetime limit by . Enter a lower Annual RESP contribution amount, or decrease the number of contribution years.
Future Value of Investments
Investment 1
Investment 2
Difference
Assumptions
Investment growth is tax-deferred. For monthly investments, the rate of return is compounded monthly.
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. ® The Assante symbol and Assante Wealth Management are registered trademarks of CI Investments Inc., used under license.
Investment growth is tax-deferred. For monthly investments, the rate of return is compounded monthly.
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. ® The Assante symbol and Assante Wealth Management are registered trademarks of CI Investments Inc., used under license.
The Assante symbol and Assante Wealth Management are registered trademarks of CI Investments Inc., used under license.