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Samonadreau · 04-23-2021, 01:24 AM

I feel like I have been saving like crazy and only have about 200k in TFSA and RSP.

At 35 years old can I accumulate another 2M in the next 25 years through savings and interest? (Recently self employed). Seemed unlikely.

So i used this online tool

https://www.getsmarteraboutmoney.ca/...st-calculator/

initial investment - 200k
$600 monthly additions (tfsa)
8% annual return

= $1.9M

Good enough!

04-23-2021, 01:24 AM	#97
Samonadreau Franchise Player Join Date: Sep 2015 Location: Paradise Exp:	I feel like I have been saving like crazy and only have about 200k in TFSA and RSP. At 35 years old can I accumulate another 2M in the next 25 years through savings and interest? (Recently self employed). Seemed unlikely. So i used this online tool https://www.getsmarteraboutmoney.ca/...st-calculator/ initial investment - 200k $600 monthly additions (tfsa) 8% annual return = $1.9M Good enough!