Retirement Projection
See if you will have enough moneyto last through retirement.
Income Need
Current age
Retirement starts at age
Retirement ends at age
Current annual income
Index income to inflation rate of
How much will you need at retirement?
|
35
|
|
65
Retirement Starts at Age
If you are already retired, enter the same age as your current age. |
|
90
|
|
65,000
Current Annual Income
Enter the total gross income (before tax) for your household. |
|
2.00%
|
| Inflated income at retirement |
$213,267
|
|
75.00%
How Much Will You Need At Retirement?
Typically, you will need less income during retirement. A general guideline is 70% to 80% of pre-retirement income. |
| Income need in first year of retirement |
159,950
|
Retirement Investments
Current value of investments
Annual investments
Index annual investment at
Start at age
End at age
Rate of Return on Investments:
Before retirement
During retirement
|
50,000
Current Value of Investments
Enter the combined value of your RRSPs, TFSAs and non-registered investments. |
|
5,000
Annual Investments
Enter the approximate amount you can invest each year. |
|
2.00%
|
|
35
|
|
65
|
Before retirement
|
6.00%
|
|
4.00%
|
Retirement Income
|
Canada Pension Plan
Government Pensions
The maximum annual CPP retirement benefit is $ as of . |
| Are you currently receiving CPP |
|
| Annual CPP amount being received |
13,855
|
| What percent of maximum CPP do you qualify for? |
100.00%
|
| Adjusted annual CPP amount (today's $'s) |
13,855
|
| Start receiving at age |
65
Input Error: Start Receiving at Age
Enter an age between 60 and 70. |
| Inflated CPP amount at start age |
25,096
|
|
OAS (Old Age Security)
Old Age Security
The maximum annual OAS retirement benefit is $ as of . |
| Are you currently receiving OAS? |
|
| Annual OAS amount being received |
7,217
|
| What percent of maximum OAS do you qualify for? |
100.00%
|
| Adjusted annual OAS amount (today's $'s) |
7,217
|
| Defer receiving OAS for how many years? |
0
Input Error: Defer receiving OAS for how many years
Enter a value between 0 and 5. |
| Inflated OAS amount at start age |
13,073
|
| Index CPP and OAS at |
2.00%
|
|
Company Pension
Company Pension
Enter amounts you will receive from your company's defined benefit pension plan. |
Amount | Indexed at | Start Age | End Age |
|
Pension 1
|
0
|
0.00%
|
0
|
0
|
|
Pension 2
|
0
|
0.00%
|
0
|
0
|
|
Other Income
Other Income
Enter any income from part-time work, self-employment or a rental property during retirement. |
Amount | Indexed at | Start Age | End Age |
|
Other Income 1
|
0
|
0.00%
|
0
|
0
|
|
Other Income 2
|
0
|
0.00%
|
0
|
0
|
|
Other Cash Flows
Other Cash Flows
Enter inflows such as an inheritance or cash from the sale of a home or outflows like a down payment or a vacation. For single year cash flows, enter the same Start Age and End Age. |
Type | Amount | Indexed at | Start Age | End Age |
|
Other 1
|
|
0
|
0.00%
|
0
|
0
|
|
Other 2
|
|
0
|
0.00%
|
0
|
0
|
|
Other 3
|
|
0
|
0.00%
|
0
|
0
|
|
Other 4
|
|
0
|
0.00%
|
0
|
0
|
| Inflate income amounts between now and the Start Ages entered above? |
|
Results
Table
Assumptions
Annual investments are made at the end of the year. Other cash flows are added to or withdrawn from the investment. All calculations are before taxes.
Disclaimer
Annual investments are made at the end of the year. Other cash flows are added to or withdrawn from the investment. All calculations are before taxes.
Disclaimer
