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How does compound interest work?
 

Compound interest allows your investment to grow by earning returns not only on your initial investment but also on previous gains over time.

 

What is a good investment return in Canada?
 

A typical long-term average return for diversified investments is around 6–8% annually, although actual returns may vary.

How much should I invest monthly?
 

The amount you should invest depends on your income, goals, and timeline. Even small monthly contributions can grow significantly over time due to compounding.

Does this include taxes?
 

This calculator does not account for taxes. Investment returns may be affected by whether funds are held in a TFSA, RRSP, or taxable account.