Estimate how your savings could grow over time in Canadian dollars (CAD). Enter an initial amount, monthly contributions, an interest rate, and a time frame to see the power of compound interest with optional inflation adjustment.
This calculator shows how compound interest can grow your savings over time in Canadian dollars. It assumes a constant rate of return and regular monthly contributions. Real-world investment results will vary and may be higher or lower than shown here.
The Wealth Wizard Canada compound interest calculator is designed for Canadians who want to see how their savings might grow inside accounts like TFSAs, RRSPs, or non-registered investment accounts. While tax treatment is different across account types and provinces, the underlying compound interest math is the same, and this tool focuses on growth in Canadian dollars before tax.
The calculator uses an annual rate of return, converts it into a compounding frequency (such as annual or monthly), and then applies that to both your initial amount and ongoing monthly contributions over the number of years you choose. It also offers an inflation adjustment so you can see your future savings expressed in today’s purchasing power. Because future returns and inflation are uncertain, treat these numbers as rough illustrations rather than guarantees. For personalized advice, speak with a licensed financial professional in your province or territory.