RRSP CALCULATOR
Calculate how much you will have saved in your RRSP when you retire.
- The rate of return used for this simulation is 5%. Real returns may vary.
- Your RRSP contribution used for this simulation remains fixed and is not indexed.
- All contributions to your RRSP grow on a tax-free basis. Your overall contribution may not exceed $29,210 in 2022 or $30,780 in 2023. Verify the contribution limit for the current year.
- It is important to verify your federal notice of assessment to determine the amount of contribution room permitted for the taxation year concerned.
- You may make contributions to your RRSP until December 31 of the year in which you turn 71.
You will have saved
Contribution amount
Return
Total
This result is for information purposes only and is calculated based on the information you have provided and certain assumptions.
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