Inflation and Your Retirement Income
Use this calculator to see how inflation will affect your retirement income.
Current income (maximum value $250,000)
Project out for (maximum value 50 years)
Inflation rate (maximum value 5%)
|
75,000
|
|
25
|
|
1.50%
Input Error: Inflation Rate
Enter a value between and %. |
| Historical inflation rate* |
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
