Inflation and Your Retirement Income

Use this calculator to see how inflation will affect your retirement income.
Current income (maximum value $250,000)
75,000
Project out for (maximum value 50 years)
25
Inflation rate (maximum value 5%)
1.50%
X
Input Error: Inflation Rate
Enter a value between and %.
 
Historical inflation rate*
1.99%
 
X
Taxable Income

Enter the taxable income amount from line 260 of your personal income tax return.
X
Contribution Amount

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




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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.

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