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Retirement Income Calculator

The left side of the page allows you to input variables based on your financial situation. Changes made on the left will automatically change the amounts on the right side of the page.

Click in the window of the value you wish to change, edit appropriately, and either press the Tab key or click outside the field to calculate the new amount. Click on the highlighted words to find out more information on that category.

Sex:
Male

Female
Marital Status:
Single

Married
Current Income
Annual Salary Increase
Current Age
Retirement Age
Retirement Income Goal as a Percentage of Salary
Assumed Inflation Rate
% OAS Benefit Available at Retirement
% C/QPP Benefit Available at Retirement
% Pre-retirement salary payable from Defined Benefit Plan
Current RRSP Holdings
Assumed Rate of Return:
4% 6% 8% 10% 12%
 
Pre-Retirement Salary
 
Annual Retirement Income
 
Projected OAS Monthly Benefit
 
Projected C/QPP Monthly Benefit
 
Projected Defined Pension
Plan Benefit
 
Growth of Current Retirement Savings
 
Monthly Pension Purchased
 
The Amount of Money to be saved for Retirement
 
The Level Monthly Contribution Needed Until Retirement
 
The Contribution of a Fixed Percentage of Salary Needed Until Retirement
 

The information presented is based on certain assumptions and is for illustration purposes only. While care is taken in the preparation of this calculator, no warranty is made to its accuracy or applicability in any particular case. This calculator has not considered the effects of your maximum RRSP contribution limit, the tax effects of contributing over your maximum, or any maximums applicable to defined benefit plans.

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