Retirement Calculator

See if you will have enough money
to last through retirement.
Income Need
Current age
35
Retirement starts at age
65
Retirement Starts at Age

If you are already retired, enter the same age as your current age.
Retirement ends at age
90
Current annual income
65,000
Current Annual Income

Enter the total gross income (before tax) for your household.
Index income to inflation rate of
2.00%
 
Inflated income at retirement
$213,267
How much will you need at retirement?
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
50,000
Current Value of Investments

Enter the combined value of your RRSPs, TFSAs and non-registered investments.
Annual investments
5,000
Annual Investments

Enter the approximate amount you can invest each year.
Start at age
35
End at age
65
Rate of Return on Investments:

Before retirement
6.00%
During retirement
4.00%
Retirement Income
Government Pensions

Canada Pension Plan
13,610
Government Pensions

The maximum annual CPP retirement benefit is $ as of .
Old Age Security
7,075
Old Age Security

The maximum annual OAS retirement benefit is $ as of .
 
Total (in today's dollars)
20,685
Company Pension

Annual pension (in today's dollars)
0
Annual Pension

Enter the approximate amount you will receive from your company's defined benefit pension plan in today's dollars.
Start at age
65
End at age
90
Other Income

Annual income (in today's dollars)
0
Annual Income

Enter any income from part-time work, self-employment or a rental property during retirement.
Start at age
65
End at age
75
Results

Adjust Your Plan:

Retirement Age
65
% Income Needed At Retirement
75.00%
Annual Investment
5,000
Rate of Return (Before Retirement)
6.00%
Rate of Return (After Retirement)
4.00%
Summary Chart
Investment Chart
$16,000
$12,000
$8,000
$4,000
$0
You Will Have
You Will Need




 

Assumptions
CPP, OAS, company pensions and other income are all indexed to the entered inflation rate of %. You qualify for the maximum CPP and OAS amounts and both benefits start at age 65. Annual investments are made at the end of the year and are not indexed. All calculations are before taxes.

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 anytransaction. 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. ©Copyright 2019 Ativa Interactive Corp. All rights reserved. Powered by Ativa.com.