Expand Income Need
Current age
35
Retirement starts at age
65
Info
Retirement ends at age
90
Current annual income (maximum value $1 million)
65,000
Info
Index income to inflation rate of (maximum value %)
2.00%
X
Input Error: Inflation Rate
Enter a value between and %
 
Inflated income at retirement
$213,267
How much will you need at retirement?
75.00%
Info
 
Income need in first year of retirement
159,950
Expand Retirement Investments
Current value of investments (maximum value $10 million)
50,000
Info
Annual investments (maximum value $250,000)
5,000
Info
Start at age
35
End at age
65
Rate of Return on Investments:

Before retirement (maximum value %)
6.00%
X
Input Error: Rate of Return
Enter a value between and %
During retirement (maximum value %)
4.00%
X
Input Error: Rate of Return
Enter a value between and %

Expand Retirement Income
Government Pensions

Canada Pension Plan (maximum value $)
8251
Info
Old Age Security* (maximum value $)
7,384
Info
 
Total (in today's dollars)
20,685
Company Pension

Annual pension (in today's dollars) (maximum value $2 million)
0
Info
Start at age
65
End at age
90
Other Income

Annual income (in today's dollars) (maximum value $1 million)
0
Info
Start at age
65
End at age
75
Expand Results

Adjust Your Plan:

Retirement Age
65
% Income Needed At Retirement
75.00%
Annual Investment
5,000
Rate of Return (Before Retirement)
6.00%
Rate of Return (After Retirement)
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).

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