Sam · What-If StrategistWhat if I invested every tax refund?
That yearly refund feels like a bonus — but invested instead of spent, it compounds. See what it could be worth.
Free to start · iOS & Android
Turning a yearly cheque into wealth
A tax refund is money you've already earned, arriving in a lump once a year. Spending it is easy; investing it every year quietly compounds into a meaningful sum. This projects what a recurring refund could grow into over time.
Questions people ask
Is it smart to invest my tax refund?
Investing a refund rather than spending it puts otherwise-idle money to work. Over many years, a modest annual lump can compound into a surprisingly large amount.
Should I adjust my withholding instead of getting a refund?
A large refund means you've lent money interest-free all year; adjusting withholding gives it back monthly to invest sooner. Either way, the key is to invest it, not spend it.
How much can yearly investing add up to?
It depends on the amount, the return and the years, but consistent annual contributions compound powerfully. The calculator shows the figure for your inputs.
Related what-ifs
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