RRSP Calculator
Project your Registered Retirement Savings Plan growth with compound returns.
Inputs
2024 RRSP limit is 18% of earned income to a maximum of $31,560.
Result
Future RRSP Value
CA$436,483.84
after 25 years
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Formula
Future Value = PV × (1 + r)^n + PMT × ((1 + r)^n − 1) / r where PV is the current balance, PMT the annual contribution, r the annual return rate, and n the number of years.
How it works
A Registered Retirement Savings Plan (RRSP) is a tax-deferred retirement account regulated by the Canada Revenue Agency (CRA). This calculator projects how a starting balance plus regular annual contributions can grow at an assumed compound rate of return.
Example
Example: Starting balance $25,000, $6,000/yr contributions at 6% for 25 years → roughly $436,000. Total contributions are $175,000 and the rest (~$261,000) is compound growth.