The Investment Calculator shows the effects of inflation on investments and savings. The results shown are intended for reference only, and do not necessarily reflect results that would be obtained in actual investment situations.

Notes

Amount invested
Enter the amount of money you are investing this year.

Which year?
Enter the future year on which you want to base your calculation.

1. Future value of current investment Enter a dollar amount below to see what a current investment will be worth in the future. Amount invested Which year? Annual interest rate % Rate of inflation %    After-inflation value of initial investment Total interest earned Interest earned, after inflation Total future value 2. Amount needed for future return Enter a dollar amount below to see how much you would have to invest today to reach a specific target in the future, based on the year and rates entered above. Future target Investment needed today

Annual interest rate Enter the annual compound interest rate you expect to earn on the investment. The default value (2.8%) equals the rate currently paid on five-year Guaranteed Investment Certificates.1 You may change this to any rate you wish. Rate of inflation Enter a projected annual rate of inflation. The default value (2.0%) equals the mid-point of the Bank's inflation-control target range. You may change this to any rate you wish. After-inflation value of initial investment The value of the initial investment after the effects of inflation have been calculated, but excluding interest. Total interest earned The total amount of interest earned, before inflation. Interest after inflation The total amount of interest earned, after the effects of inflation have been calculated.. Total future value The total value of the investment after the effects of inflation on the principal and interest have been calculated. Future target Enter the amount of money you want to have in today's dollars by a specific year (after the effects of inflation have been calculated.) Investment needed today This displays the amount you would have to invest today to achieve your future target. 1. Interest may be paid on GICs at varying frequencies -- monthly, semi-annually, annually, or at maturity. Because the Calculator uses annual compounding to make its calculations, the results shown here will not necessarily match those investors will obtain in practice. Copyright 1995-2006, Bank of Canada. Calculator used by permission. For more information visit: http://www.banqueducanada.ca or contact them at: http://www.banqueducanada.ca/en/contact.html