📈 About the Compound Interest Calculator

The compound interest calculator is an essential tool for Canadians building long-term wealth through investing. Whether you're saving in a TFSA, RRSP, RESP, or a non-registered account, this calculator provides the insights you need to make informed decisions.

💰 Compound Interest Features

📊 Multiple Compounding

Choose from annual, quarterly, monthly, or daily compounding to match your investment type.

💡 Monthly Contributions

See how regular monthly investments can dramatically accelerate your wealth building.

📉 Inflation Adjustment

Calculate real returns by factoring in inflation to understand true purchasing power.

📅 Year-by-Year Breakdown

View detailed annual growth to track your investment journey over time.

💡 When to Use This Calculator

  • 📊 Planning your retirement or financial independence
  • 💰 Comparing returns at different interest rates or durations
  • 📈 Estimating how monthly contributions can accelerate growth
  • 🎓 Teaching others about the power of compounding
  • 🏦 Evaluating TFSA vs RRSP growth potential

📌 Tips for Better Results

  • Use realistic expected rates of return (e.g., 5–7% for long-term index investing)
  • Factor in inflation if estimating real returns
  • Compare outcomes for different contribution levels
  • Consider tax-sheltered accounts like TFSA and RRSP
  • Revisit your plan annually to adjust for changing goals