Inflation and Your
Retirement Income
Use this calculator to see how inflation
will affect your retirement income.
|
75,000
|
|
25
|
|
1.50%
|
| Historical inflation rate * |
1.99%
|
| Show in future or today's dollars? |
Taxable Income
Enter the taxable income amount from line 260 of your personal income tax return.
Enter the taxable income amount from line 260 of your personal income tax return.
Contribution Amount
Enter 3 RRSP contribution amounts to compare the tax savings and after-tax amount for each contribution.
Enter 3 RRSP contribution amounts to compare the tax savings and after-tax amount for each contribution.
Current Income
1.50% Inflation
1.99% Inflation
Assumptions
The source for historical inflation rates is Statistics Canada. The historical average inflation rate is calculated as the annual compound rate using the December to December annual inflation rate.
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. ® The Assante symbol and Assante Wealth Management are registered trademarks of CI Investments Inc., used under license.
The source for historical inflation rates is Statistics Canada. The historical average inflation rate is calculated as the annual compound rate using the December to December annual inflation rate.
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. ® The Assante symbol and Assante Wealth Management are registered trademarks of CI Investments Inc., used under license.
Inflation and Retirement Income
Use this calculator to see how inflation will affect the income you will need at retirement.
| Current Income: | $75,000 |
| Project out for (years): | 25 |
| Inflation rate: | 1.50% |
| Historical inflation rate*: | 1.99% |
| Show results in: | Future $'s |
Assumptions
The source for historical inflation rates is Statistics Canada. The historical average inflation rate is calculated as the annual compound rate using the December to December annual inflation rate.
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results.
The Assante symbol and Assante Wealth Management are registered trademarks of CI Investments Inc., used under license.