Your assumptions · Clearly labelled
What will it cost later, and what will savings be worth?
At the Bank of Canada’s 2% inflation target, something that costs $100 today would cost $121.90 in 10 years. Canada’s actual average over the last 10 years was 2.6% a year. These are projections from the rate you choose, not forecasts.

Projection at a rate you choose
What will today’s price be later?
Source: Statistics Canada, table 18-10-0005-01 (annual average CPI, 1914 to 2025). Retrieved October 30, 2026. Presets: annualized change in the annual average CPI over the 10 and 25 years to 2025.
Savings after inflation
What will your savings really buy?
Uses the inflation rate above (2%).
Savings goal after inflation
How much to save each month for a goal?
Uses the inflation rate (2%) and the return (5%) above.
Your monthly budget, later
What will your monthly bills cost in 5 years?
| Expense and CPI category | Monthly today | Rate a year | In 5 yr | Remove |
|---|---|---|---|---|
| $ | 3.46% | $2,370 | ||
| $ | 3.20% | $936 | ||
| $ | 3.14% | $584 | ||
| $ | 1.64% | $325 | ||
| Total | $3,600 | 3.21% | $4,216 |
The same monthly spending would cost $616 more a month, $7,386 more a year.
Source: Statistics Canada, table 18-10-0005-01 (annual average CPI, 1914 to 2025). Retrieved October 30, 2026. Category rates are the annualized change in each component of Statistics Canada’s annual average CPI from 2015 to 2025. Past rates are not a forecast; your own prices can rise faster or slower.
Straight answers
Questions people ask
What inflation rate should I assume?
The Bank of Canada aims to keep CPI inflation at 2%, the midpoint of a 1% to 3% target range. Canada’s actual average was 2.6% a year over the last 10 full years and 2.2% over the last 25. Try more than one rate; nobody knows the future rate.
How is the real return calculated?
Real return = (1 + nominal return) ÷ (1 + inflation) − 1. A 5% return with 2% inflation is a 2.94% real return, slightly less than the 3% you get by subtracting.
Does this include tax or fees?
No. Enter a return after fees. Interest and gains in a non-registered account are taxed, which lowers the real return further; TFSA growth is not taxed.
Educational information, not financial advice. Read how the CPI and these tools work.