Home ABOUT TFSA & RRSP ETFs Tools All articles Quizzes Offers Emergency Fund My journey
FR EN ES
Open Wealthsimple →

Free tool · Compound interest · Quebec

Compound interest
calculator

Your parameters
$
$
yr

This page was created to help you visualize the potential of your savings over the long term. Even small amounts invested regularly can grow considerably thanks to the power of compound interest.

Total invested From your pocket
Interest earned Free money
Final amount Estimate
Your money has been multiplied by
Your savings growth year by year

Enter your parameters and click Calculate

Starting early, even with small amounts, can make an enormous difference. Consistency is often more powerful than the amount invested. A $50 contribution every two weeks for 20 years can become over $70,000 — with only $26,000 from your pocket.

Ready to start?

Open your TFSA on Wealthsimple — free, no commission, no hidden fees.

Open a free account →
The calculations presented on this page are for illustrative purposes only and do not constitute financial advice or guarantees of return. Past returns do not guarantee future returns. Consult a professional for your specific situation.