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Value of initial investment
Enter the amount of money you are investing.
Enter the year in which the money was first invested.
Enter the future year on which you want to base your calculation.
Annual interest rate
Enter the annual compound interest rate you expect to earn on the investment. The default value (3.4
equals the rate currently paid on five-year Guaranteed Investment Certificates.1 You may change this to any rate you wish.
Annual 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.
Effect of inflation on 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.
IInterest earned, 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.
Target future value of investment
Enter the future amount of money you want to have.
Current investment needed for future value
This displays the amount you would have to invest to achieve your future target, taking into account the effects of inflation.
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.