Phase 1 · Income Planning
Time to Freedom Calculator
How many years until your dividend income replaces your paycheque? Enter your portfolio, contributions, and target income — and see your timeline to financial independence.
What is your “Freedom Number”?
Your freedom number is the annual dividend income you need to cover your living expenses — the point where working becomes optional. This calculator models the compounding effect of regular contributions, dividend reinvestment (DRIP), and organic dividend growth to estimate how long it takes to reach that number.
Your Portfolio & Goals
Total value of your income-producing investments
How much you add to your portfolio each month
Annual dividend income that makes work optional ($2,500/month)
Typical Canadian dividend ETFs yield 3–5%
Annual increase in dividend payments (historically 3–6%)
Disclaimer: This calculator is for informational and educational purposes only. It is not licensed financial, tax, or legal advice. The projections shown are hypothetical estimates based on user-provided inputs and simplified assumptions. Actual investment returns, dividend payments, and market conditions will vary. Always consult a qualified financial advisor before making investment decisions. Prospyr is not affiliated with any financial institution.