§ Calculator · Investment

Investment goal

What this is

What monthly contribution gets you to $X by year Y?

Two views: solve for required monthly to hit a target by a date; OR solve for years required at your current contribution rate. Use the gap to decide whether to raise contributions, push out the date, or accept a lower target.

Target amount (CAD)Starting balanceExpected return

Target years outCurrent monthly contribution

Required monthly

$903

Years at current rate

21.3 yr

Gap vs target

$103

Compounding rewards consistency more than amount. Doubling years matters more than doubling monthly contribution at long horizons.

Disclaimer

Educational, not financial advice. Output is generated by an AI assistant using simplified assumptions. Tax rates, contribution limits, and benefit amounts change annually; confirm with a CFP, CPA, or the relevant Canadian regulator (CRA, FSRA, OSC, IIROC) before acting.