Invest Early

The longer you’re invested, the longer your returns compound and the faster your money grows. The chart below shows two investors who each invested $96,000 by age 601, with one investor accumulating $213,000 by starting earlier+.

Source: RBC Global Asset Management

Invest Regularly

Investing regularly, such as through an automatic savings plan, can help you stay on track over the long-term. See how your savings can add up2,+:

$50 per month $100 per month $250 per month $500 per month
Invested for 5 Years $3,489 $6,977 $17,443 $34,885
Invested for 10 Years $8,194 $16,388 $40,967 $81,940
Invested for 15 Years $14,541 $29,082 $72,705 $145,409
Invested for 20 Years $23,102 $46,204 $115,510 $231,020
Invested for 25 Years $34,650 $69,299 $173,249 $346,497

Invest Enough

How much should start saving today in order to have enough to meet your future goals? The answer is key to your long-term financial success. Working through certain questions, such as those below, with your financial planner can help you determine if you’re investing enough.

  • What is your goal (e.g. retirement lifestyle, cottage)?
  • How much will you need to attain your goal?
  • What savings do you currently have in place to meet your goal?
  • What is the timeframe for achieving your goal?

The 5 Principles of Successful Investing

Investing early, investing regularly and investing enough are just three of the principles of successful investing. Check out the other two time-tested principles.

Learn More

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RBC Financial Planning is a business name used by Royal Mutual Funds Inc. (RMFI). Financial planning services and investment advice are provided by RMFI. RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.

1), 2) Assumes a 6% annualized rate of return.

+ The rate of return or mathematical table shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the mutual funds or returns on investment in the mutual fund.
There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation or by another government deposit insurer. For funds other than money market funds, unit values change frequently. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in a fund will be returned to you. Past performance may not be repeated. Please read the Fund Facts before investing.

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