Investment Options
5% Conservative Portfolio
· If all your registered funds are invested for the next 8 years, in a portfolio earning an average rate of 5%, your RRSP will be worth $273,348 (after inflation) at age 60. This in turn will generate an income of $17,843 per year till age 90.
· If all of your non-registered funds are invested in a portfolio for the next 8 years, earning an average rate of 5%, your non-registered funds will be worth $121,000 (after taxes & inflation) at age 60. This in turn will generate an income of $6,050 per year.
7% Balanced Portfolio
· If all your registered funds are invested for the next 8 years, in a portfolio earning an average rate of 7%, your RRSP will be worth $319,287 (after inflation) at age 60. This in turn will generate an income of $25,854 per year till age 90.
· If all of your non-registered funds are invested in a portfolio for the next 8 years, earning an average rate of 7%, your non-registered funds will be worth $133,116 (after taxes & inflation) at age 60. This in turn will generate an income of $9,318 per year.
9% Growth Portfolio
· If all your registered funds are invested for the next 8 years, in a portfolio earning an average rate of 9%, your RRSP will be worth $371,845 (after inflation) at age 60. This in turn will generate an income of $36,416 per year till age 90.
· If all of your non-registered funds are invested in a portfolio for the next 8 years, earning an average rate of 9%, your non-registered funds will be worth $146,280 (after taxes & inflation) at age 60. This in turn will generate an income of $13,280 per year.