Cost of Waiting
Use this calculator to see the cost of waiting to invest.
Initial savings (maximum value $250,000)
Annual savings (maximum value $50,000)
Years of growth (maximum 50 years)
Years delayed (maximum years)
Rate of return (maximum value 16%)
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10,000
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1,000
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25
Input Error: Years delayed
You cannot enter a value greater than years of growth. |
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10
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6.00%
Input Error: Rate of return
Enter a value between and %. |
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.
Investment Value in 18 Years
Start Now
Wait 5 Years
Cost of Waiting
Assumptions
Annual savings are deposited at the end of each year. Investment growth is tax-deferred.
Disclaimer
Annual savings are deposited at the end of each year. Investment growth is tax-deferred.
Disclaimer
