The power of compound interest
Have you ever wondered what those monthly deposits into your RRSP will achieve over time? The following charts will show you how your money will grow at five per cent and seven per cent annual returns.
5% compound annual return
| Monthly | 5 Yr. | 10 Yr. | 15 Yr | 20 Yr. |
| $50 | $3,455 | $7,800 | $13,345 | $20,423 |
| $100 | $6,909 | $15,599 | $24,260 | $40,846 |
| $200 | $13,818 | $31,198 | $53,381 | $81,692 |
| $300 | $20,727 | $46,798 | $80,071 | $122,537 |
| $500 | $34,535 | $77,996 | $133,452 | $204,229 |
| $800 | $55,272 | $124,794 | $213,523 | $326,766 |
| $1,000 | $69,090 | $155,992 | $266,904 | $408,458 |
7% compound annual return
| Monthly | 5 Yr. | 10 Yr. | 15 Yr | 20 Yr. |
| $50 | $3,560 | $8,553 | $15,555 | $25,377 |
| $100 | $7,120 | $17,105 | $31,110 | $50,754 |
| $200 | $14,239 | $34,210 | $62,221 | $101,507 |
| $300 | $21,359 | $51,316 | $93,331 | $152,261 |
| $500 | $35,598 | $85,526 | $155,552 | $253,768 |
| $800 | $56,957 | $136,841 | $248,884 | $406,029 |
| $1,000 | $71,196 | $171,052 | $311,105 | $507,536 |
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