Advantage of Early Investing Calculator

Tale of Two RRSPs

See how starting to invest early and the effects of compounding can have a big impact on your RRSP.

	RRSP 1	RRSP 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 (maximum value %)	6.00%	5.00% X Input Error: Rate of return Enter a value between 0 and 15%.
Future value	$609,737	$261,129

Future Value of RRSPs

RRSP 1

RRSP 2

Difference

Use this calculator to explore five strategies to enhance the growth of your RRSPs:
1) Increase your monthly or annual investment
2) invest at the start of the month or year
3) start investing at an early age
4) stop investing at a later age
5) earn a higher rate of return.

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Assumptions
Investment growth is tax-deferred. For monthly investments, the rate of return is compounded monthly.

Disclaimer

Tale of Two RRSPs

Use this calculator to explore five strategies to enhance the growth of your RRSP:
1) Increase your monthly/annual investment; 2) invest at the start of the month/year;
3) start investing at an early age; 4) stop investing at a later age;
5) earn a higher rate of return.

	RRSP 1	RRSP 2
Initial investment:
Regular investment:
Monthly or Annual?:
Start or end of period?
Start investing at age:
Stop investing at age:
Years of growth:
Rate of return:

Assumptions
Investment growth is tax-deferred. For monthly investments, the rate of return is compounded monthly.

Disclaimer