Retirement Savings Calculator
Enter your current savings, your monthly contribution, the time horizon and a hypothetical annual return. The tool applies the future value of a series of payments.
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Your numbers
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What this number means: The result is the projected nominal value of your savings at the end of the horizon, if the return you entered were achieved every year without exception.
What the calculation assumes
- The return is the one YOU enter. No market return is assumed, predicted or recommended.
- Real returns vary from year to year; a constant average is a simplification.
- Inflation is not deducted: the amount is in future dollars, not today’s purchasing power.
- No tax, management fees or contribution limits (RRSP, TFSA) are modelled.
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Frequently asked questions
What return should I enter?
MTLPages does not recommend a figure — that would be investment advice. Enter several assumptions (low, middle, high) and look at the spread between the results: that spread is the useful information.
Does the amount account for inflation?
No. The result is in future dollars. To think in today’s purchasing power, enter a real return (return minus inflation) rather than a nominal one.
Is this financial advice?
No. It is arithmetic applied to your own assumptions. A financial planner or registered adviser can assess your situation.
Official sources
Amounts, thresholds and schedules change. MTLPages does not reproduce them in the page: check the source for the figure currently in force.
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Notice
This calculator does arithmetic on the values you enter. It is not financial, legal or tax advice, does not account for your personal situation, and guarantees no approval and no price. Confirm any decision with a qualified professional.