Investment Calculators · Canada
Retirement plan.
Project your retirement savings, see whether you're on track for your desired annual income, and quantify any shortfall while you have time to fix it.
Inputs
Projected savings
Fill the form and press Calculate.
How we project
Future savings combine your current balance growing at the expected return plus regular monthly contributions. We assume a 25-year retirement horizon and use the 4% rule to translate the savings target into a monthly income. CPP and OAS are not included here - run those separately and add to your total.
TNAADO Inc. · Toronto
What this projection assumes on your behalf
The projection compounds your current balance and monthly contributions at the return you enter, then converts the result into income using a 4% withdrawal rate over a 25-year horizon. Every one of those is an assumption you can change and should test. CPP and OAS are deliberately excluded because they are separate calculations with their own rules, so the figure here is the private-savings half of a retirement income rather than the whole of it.
The mistake people make. Modelling in nominal dollars and reading the result as purchasing power. A target expressed in 2056 dollars is not that much spending power today. Either use a real, after-inflation return or deflate the result before deciding it is enough. The second omission is tax: the same balance supports very different spending depending on whether it sits in an RRSP, a TFSA or a non-registered account.
Disclaimer
Educational only. Real-world returns, inflation, and government benefits will vary. Consult a qualified financial advisor for personalized planning.