|
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Child's name |
Child 1
|
|
0
|
|
18
|
|
4
|
|
8,000
|
|
3.00%
|
|
12,000
|
|
5.00%
|
Total annual cost |
20,000
|
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RESP current value (maximum value $250,000)
RESP principal
CESG principal (maximum value $7,200)
RESP contributions
Annual RESP contribution (maximum value $50,000)
Start contributions at age
Stop contributions at age
Rate of return (maximum value %)
Made at age
|
0
|
|
0
|
|
0
|
Family after-tax income |
|
Annual RESP contribution (maximum value $50,000)
|
0
|
|
0
Retirement Starts at Age
If already retired, enter the same age as the current age. X
Input Error: Retirement Starts at Age
Enter a value greater than or equal to 35. |
|
18
X
Input Error: Retirement Ends at Age
Enter a value greater than 65. |
Made at the start or end of the year? |
|
4.00%
|
Change annual contribution amount? |
Change Rate of Return?
Click Yes if you want to change the rate of return a few years into retirement. |
New annual RESP contribution
Change at age
|
1,500
|
|
10
X
Input Error: Change Rate of Return Age
Enter a value between 66 and 90. |
Change rate of return? |
Change Rate of Return?
Click Yes if you want to change the rate of return one more time. |
New rate of return
Change at age
Single lump sum RESP contribution (maximum value $50,000)
|
2.00%
X
Input Error: Rate of Return
Enter a value between and % |
|
12
X
Input Error: Change Rate of Return at Age
Enter a value between and |
|
0
|
|
0
Retirement Starts at Age
If already retired, enter the same age as the current age. X
Input Error: Retirement Starts at Age
Enter a value greater than or equal to 35. |
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Current value (maximum value $200,000)
Annual contribution (maximum value $50,000)
Start contributions at age
Stop contributions at age
Rate of return (maximum value %)
Single lump sum contribution (maximum value $200,000)
Made at age
|
0
|
|
0
|
|
0
Retirement Starts at Age
If already retired, enter the same age as the current age. X
Input Error: Retirement Starts at Age
Enter a value greater than or equal to 35. |
|
18
X
Input Error: Retirement Ends at Age
Enter a value greater than 65. |
|
4.00%
|
|
0
|
|
18
|
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You have saved enough to reach your education savings goal
Total education costs over years |
|
0
|
Annual savings needed to reach education savings goal |
2,790
|
Approximate monthly savings needed to reach goal |
232
|
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