1 The graph assumes contributions are made at the beginning of each period, distributions are reinvested and no withdrawals are made; it doesn’t take into account any taxes or fees. The rate of return refers to the average annual compounded rate of return – this illustration assumes a 5% annualized rate of return. All figures are rounded to the nearest dollar.
2 Source: CIBC Asset Management, 2019
The chart shown is used only to illustrate the effects of the compound growth and is not intended to reflect future values of returns on investments. The information and chart is for information purposes only; it should not be taken in place of advice from a financial service professional, nor should it be taken as an investment guide or an offer or solicitation of an offer to buy securities
Opinions expressed are those of the author, and not necessarily those of CIBC or their partners.