About RRSP Calculator
The Registered Retirement Savings Plan (RRSP) is a tax-advantaged savings plan for Canadians.
Contributions are tax-deductible, and growth is tax-sheltered until withdrawal.
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RRSP deduction limit is generally 18% of earned income.
Total Value
₹333,701
Total Contributions
₹135,000
FV = P * (1 + r)^n + c * [ ((1 + r)^n - 1) / r ] * (1+r)Where:
Inputs:
Start = $10k, Annual = $5k, 6%, 25 Years
Result:
Total = ~$312k
Regular contributions combined with compound interest lead to substantial growth.