Your details
Current age
Age at retirement
Age at retirement
At what age do you expect to stop working full-time? The calculator assumes you will also stop making retirement savings contributions at this time.
Current gross annual income
Current gross annual income
This refers to your annual income before taxes.
Current retirement savings
Current retirement savings
Your total amount of retirement savings as of today.
Monthly
retirement contributions
Monthly retirement contributions
Your expected monthly contributions.
Other sources of retirement income
Other sources of retirement income
Total amount of other retirment income sources including OAS per year, CPP/QPP per year, company pension plan per year, and any other sources.
OAS per year
OAS per year
As of January 2013, the maximum annual Old Age Security (OAS) payment for retirement at 65 is $6,552.84, with a reduction for annual income over $70,954.
CPP/QPP per year
CPP/QPP per year
As of January 2013, the maximum 2013 Canada Pension Plan / Quebec Pension Plan (CPP/QPP) retirement pension is $12,150.
Company pension plan per year
Company pension plan per year
Your expected company pension plan per year.
Other sources of income per year
Other sources of income per year
Do you have any other sources of yearly income?
Your results
YOU'LL NEED TO SAVE
$0
FOR YOUR RETIREMENT
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Contribute
$9,999
monthly
to reach your retirement savings goal
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You'll receive
9.999%
of your target income until you are
90
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Explore details
Your retirement
savings outlook
Estimated
savings shortfall
Assumptions
- Based on a
3.0%
rate of return on your savings and annual inflation rate of
2.0%
.
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Change contribution frequency
See the difference in how your savings grow based on how often you can make contributions.
Contribution frequency
Contribution frequency
Making more frequent payments can help you save for your retirement faster. Accelerated payments help you save even faster.
Monthly
Semi-monthly
Bi-weekly
Weekly
Accelerated bi-weekly
Accelerated weekly
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Target income and length of retirement
Customize the amount of income you'll need and how long your retirement will last.
Percentage of current income
Percentage of current income
Your percentage of current income.
Life expectancy
Life expectancy
The age (in years) you expect to live.
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Rate of return and inflation
Customize the rate of return and inflation rates to see how they affect your retirement outlook.
Estimated rate of return
Estimated rate of return
Your estimated rate of return on your investments.
Inflation rate
Inflation rate
The average inflation rate over this period used for calculation purposes.
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