Free tool

Retirement income calculator

Everything is shown in today's dollars, assuming 2.5% inflation and a conservative 4% return in retirement.

Government benefit

Canada (CPP + OAS)

Current age

Planned retirement age

Annual income ($)

Current retirement savings ($)

Monthly contribution ($)

Expected annual return before retirement (%)

Target monthly income in retirement ($)

Savings at retirement (today's dollars)

$708,593

Nominal: $1,486,321

Monthly income in retirement (25 years)

$4,697 /mo

$2,822 from savings + ~$1,875 government benefit

Against your target

$303/mo short

Annuities with a lifetime income option are one way to close a fixed gap. Talk to an advisor about what fits.