Inflation and Your Retirement Income
Use this calculator to see how inflation will affect your retirement income.
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75,000
|
|
25
|
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1.50%
Input Error: Inflation Rate
Enter a value between and %. |
|
1.99%
|
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
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
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
