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Return On Investment

Surfbum84

New member
Feb 6, 2008
344
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Hello. So I put aside $200 a week into an RRSP plan. My company matches 20%, so an extra $40 each week.

When I'm doing those online calculators such as ones from BMO or whatever, and I'm trying to figure out what I'm going to have when I retire, should I include that $40 in my weekly contribution total, or make my return on the $200 20%? I understand it's just a calculator, but I"m trying to see if I keep working where I do how quickly the money can add up.

Cheers
 

eldoguy

New member
Oct 27, 2006
4,133
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Toronto
If you work in a bank, just go in the vault and help yourself. Won't get a T5, its tax free.
If not at a bank, you will hope your boss give you raises, so you keep topping up your rrsp!
 
Jun 11, 2007
966
3
18
Do it both ways. Use the extra $40 in sort of a "dream senario", but bank on the base ammount.
 

Mencken

Well-known member
Oct 24, 2005
1,047
40
48
Hello. So I put aside $200 a week into an RRSP plan. My company matches 20%, so an extra $40 each week.

When I'm doing those online calculators such as ones from BMO or whatever, and I'm trying to figure out what I'm going to have when I retire, should I include that $40 in my weekly contribution total, or make my return on the $200 20%? I understand it's just a calculator, but I"m trying to see if I keep working where I do how quickly the money can add up.

Cheers
Same idea as other types of pension plans...employees contribute, so does employer. To get any sort of idea of what it is worth at the end you need to include both - the employer contribution is not a "return", it is just part of the contribution to the plan. So your total should be $240 x 52 per year...based on what you said.

And, depending on what your assumptions for return are (what are the RSPs invested in?) you should have a substantial amount in 35 years.
 

Big Sleazy

Active member
Sep 13, 2004
3,535
8
38
Your also going to ahve to account for the cost of inflation. And don't use the bogus numbers the Gov't hands out. There off by at least 2X.

BS
 
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