Income Need
Current age
Retirement starts at age
Retirement ends at age
Current annual income (maximum value $1 million)
Index income to inflation rate of (maximum value %)
How much will you need at retirement?
|
35
|
|
65
|
|
90
|
|
65,000
|
|
2.00%
X
Input Error: Inflation Rate
Enter a value between and % |
Inflated income at retirement |
$213,267
|
|
75.00%
|
Income need in first year of retirement |
159,950
|
Retirement Investments
Current value of investments (maximum value $10 million)
Annual investments (maximum value $250,000)
Start at age
End at age
Rate of Return on Investments:
Before retirement (maximum value %)
During retirement (maximum value %)
|
50,000
|
|
5,000
|
|
35
|
|
65
|
Before retirement (maximum value %)
|
6.00%
X
Input Error: Rate of Return
Enter a value between and % |
|
4.00%
X
Input Error: Rate of Return
Enter a value between and % |
Retirement Income
Government Pensions
Canada Pension Plan (maximum value $)
Old Age Security* (maximum value $)
Company Pension
Annual pension (in today's dollars) (maximum value $2 million)
Start at age
End at age
Other Income
Annual income (in today's dollars) (maximum value $1 million)
Start at age
End at age
Canada Pension Plan (maximum value $)
|
8251
|
|
7,384
|
Total (in today's dollars) |
20,685
|
Annual pension (in today's dollars) (maximum value $2 million)
|
0
|
|
65
|
|
90
|
Annual income (in today's dollars) (maximum value $1 million)
|
0
|
|
65
|
|
75
|
Results
Adjust Your Plan:
Retirement Age
% Income Needed At Retirement
Annual Investment
Rate of Return (Before Retirement)
Rate of Return (After Retirement)
Retirement Age
65
75.00%
5,000
6.00%
4.00%
Summary Chart
Investment Chart
$16,000
$12,000
$8,000
$4,000
$0
You Will Have
You Will Need
Assumptions
CPP, OAS, company pensions and other income are all indexed to the entered inflation rate of %. The CPP and OAS benefits start at age 65. Annual investments are made at the end of the year and are not indexed. All calculations are before taxes.
* The OAS clawback is not factored into these calculations. OAS payments are reduced by 15% of every dollar over a net income of $90,997 and fully eliminated when income is over $148,065 (in 2024).
Disclaimer
CPP, OAS, company pensions and other income are all indexed to the entered inflation rate of %. The CPP and OAS benefits start at age 65. Annual investments are made at the end of the year and are not indexed. All calculations are before taxes.
* The OAS clawback is not factored into these calculations. OAS payments are reduced by 15% of every dollar over a net income of $90,997 and fully eliminated when income is over $148,065 (in 2024).
Disclaimer