Investment Growth Calculator
Calculate how your investments will grow with regular monthly contributions and compound interest. Perfect for RRSP, TFSA, 401(k), or any investment planning.
Investment Details
Starting amount you're investing today
Amount you'll invest each month
How long you'll keep investing (1-50 years)
Average annual return (typical: 5-10%)
Your Investment Growth
Future Value
$0
After 0 years
Total Invested
$0
Total Earnings
$0
Return on Investment (ROI)
0%
Growth Projection
| Year | Balance | Earnings |
|---|
This calculator provides estimates based on the inputs provided. Actual investment returns may vary. Past performance does not guarantee future results. Consult a financial advisor for personalized advice.
Understanding Investment Growth
What is Compound Interest?
Compound interest is when you earn returns not just on your initial investment, but also on the returns you've already earned. This creates exponential growth over time, often called "the eighth wonder of the world" by Albert Einstein.
How to Use This Calculator
- Initial Investment: The lump sum you're starting with (can be $0)
- Monthly Contribution: How much you'll add regularly (like a SIP)
- Time Period: How many years you'll keep investing
- Expected Return: Average annual return (stocks: 7-10%, bonds: 3-5%)
Investment Account Types
🇨🇦 Canada
- TFSA: Tax-free growth & withdrawals
- RRSP: Tax-deferred growth
- RESP: Education savings with grants
🇺🇸 USA
- 401(k): Employer-sponsored retirement
- IRA: Individual retirement account
- Roth IRA: Tax-free withdrawals
Example Scenarios
Conservative Investor:
$5,000 initial + $300/month for 20 years at 5% = $127,641
Moderate Investor:
$10,000 initial + $500/month for 25 years at 7% = $436,513
Aggressive Investor:
$0 initial + $1,000/month for 30 years at 10% = $2,260,487
💡 Pro Tip: Starting early is more important than investing large amounts. A 25-year-old investing $200/month will have more at 65 than a 35-year-old investing $400/month (assuming same returns).