Enter your starting deposit, monthly contribution, and time horizon. We'll show you exactly what 8% annual growth does to your money — year by year.
Compounded annually at 8% return
| Year | Contributed | Growth | Total Value |
|---|
Open a TFSA or RRSP with Wealthsimple and start investing. Use code NLX83A to get $25 added to your account after your first $100 deposit.
For most Canadians, a TFSA is the right home for long-term investments — all the growth in this calculator would be completely tax-free inside a TFSA.
8% reflects the long-run average of a diversified equity portfolio (e.g. a global ETF like XEQT). Actual returns vary year to year — some years higher, some lower. Past returns don't guarantee future results.
Every year, growth is calculated on your full balance — including previous years' gains. This "interest on interest" effect is why the chart curves upward dramatically over time.