The Dividend Snowball Calculator
See how fast your passive income grows when you automatically reinvest your dividends (DRIP).
Your Portfolio
$
$
%
E.g., Canadian bank stocks often yield 4-6%.
%
Capital appreciation separate from dividends.
20 Years
Your Passive Income Snowball
Monthly Passive Income
$0
In Year 20
Total Portfolio Value
$0
Total Dividends Earned
$0
Methodology: dividends are projected on your balance at the start of each year, so money contributed during a year starts earning dividends the following year. That keeps the projection on the conservative side.
The Secret to the Snowball? $0 Fees.
To make this math work, you must reinvest your dividends automatically (DRIP). Big banks charge $10 per trade. Wealthsimple lets you buy fractional shares and DRIP for exactly $0.