Investment and savings
TFSA
- New contributions
- $120,000
- Estimated investment growth or loss
- $91,169
- Planned contributions not deposited
- $0
Only contributions within the estimated contribution room are deposited. Planned contributions above that room stay outside the account, with no growth included on that money.
Your estimate: Starting year: 2026 year · Account balance on January 1: $5,000 CAD · Amount you save each month: $500 CAD · Number of years: 20 years. All inputs, results, yearly tables and sources follow.
These estimates are for learning and planning, not investment, insurance or tax advice. All amounts are in Canadian dollars. Results are rounded and are not guaranteed.
Your inputs
These are the exact entries used for this calculation. Money amounts keep all the decimal places you entered.
- Starting year
- 2026 year
- Account balance on January 1
- $5,000 CAD
- Amount you save each month
- $500 CAD
- Number of years
- 20 years
- Expected yearly investment return after fees
- 5 %
- Contribution room on January 1
- $7,000 CAD
- Expected new contribution room each future year
- $7,000 CAD
- Are you eligible for this account?
- Eligible
Complete result summary
Projected account balance: $216,169
- New contributions
- $120,000
- Estimated investment growth or loss
- $91,169
- Planned contributions not deposited
- $0
Canadian planning models · 09653a0 · Report format 2026-10-15. All assumptions and sources are included below.
Yearly contributions and account balances
| Year | Starting balance | Contributions | Not deposited | Ending balance | Contribution room left |
|---|---|---|---|---|---|
| 2026 | $5,000 | $6,000 | $0 | $11,386 | $1,000 |
| 2027 | $11,386 | $6,000 | $0 | $18,092 | $2,000 |
| 2028 | $18,092 | $6,000 | $0 | $25,133 | $3,000 |
| 2029 | $25,133 | $6,000 | $0 | $32,526 | $4,000 |
| 2030 | $32,526 | $6,000 | $0 | $40,288 | $5,000 |
| 2031 | $40,288 | $6,000 | $0 | $48,439 | $6,000 |
| 2032 | $48,439 | $6,000 | $0 | $56,997 | $7,000 |
| 2033 | $56,997 | $6,000 | $0 | $65,983 | $8,000 |
| 2034 | $65,983 | $6,000 | $0 | $75,419 | $9,000 |
| 2035 | $75,419 | $6,000 | $0 | $85,326 | $10,000 |
| 2036 | $85,326 | $6,000 | $0 | $95,729 | $11,000 |
| 2037 | $95,729 | $6,000 | $0 | $106,651 | $12,000 |
| 2038 | $106,651 | $6,000 | $0 | $118,120 | $13,000 |
| 2039 | $118,120 | $6,000 | $0 | $130,163 | $14,000 |
Yearly contributions and account balances
| Year | Starting balance | Contributions | Not deposited | Ending balance | Contribution room left |
|---|---|---|---|---|---|
| 2040 | $130,163 | $6,000 | $0 | $142,807 | $15,000 |
| 2041 | $142,807 | $6,000 | $0 | $156,084 | $16,000 |
| 2042 | $156,084 | $6,000 | $0 | $170,024 | $17,000 |
| 2043 | $170,024 | $6,000 | $0 | $184,662 | $18,000 |
| 2044 | $184,662 | $6,000 | $0 | $200,031 | $19,000 |
| 2045 | $200,031 | $6,000 | $0 | $216,169 | $20,000 |
What this assumes
Each row covers a full calendar year, starting with the year you entered. Enter your balance and contribution room as of January 1, before that year's contributions. Contribution room means the amount you can still contribute. Do not combine today's balance with a full year of future contributions. Future contribution limits and tax rates are assumptions, not confirmed future rules.
This example assumes you are an eligible adult Canadian resident. Unused contribution room carries into later years; investment growth does not use room. New room in future years stays at the amount you entered.
The calculator does not include withdrawals or periods when you are not a Canadian resident. Normal TFSA withdrawals restore contribution room the following January, not immediately. This calculator does not determine your personal contribution room.
This example assumes you meet the account's eligibility and residency requirements; it does not confirm that you qualify. Check your eligibility, contribution room and account records before contributing. Your account balance does not tell you how much you can still contribute.
The calculator uses fixed yearly investment returns after fees. This is an example, not a forecast. Actual returns vary; losses, especially early in retirement, can greatly change the result. Amounts are in Canadian dollars and rounded for display.
These estimates are for learning and planning, not investment, insurance or tax advice. All amounts are in Canadian dollars. Results are rounded and are not guaranteed.
Sources
These sources support the calculation. Check the latest official guidance for your situation.
- CRA: TFSA contribution roomhttps://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributing/calculate-room.html
Canadian planning models · 09653a0 · Report format 2026-10-15