Retirement Calculator

Estimate how much you need to save for a comfortable retirement in Canada.

Current Age

Retirement Age

Current Retirement Savings ($)

Expected Monthly Expenses in Retirement ($)

Most Canadians need 70-80% of their pre-retirement income.

Expected Annual Return (%)

Conservative estimate: 4-6% per year

Retirement Planning Tips

•Start early: The power of compound interest means starting in your 20s vs 40s can double your retirement savings.
•Maximize RRSP & TFSA: Use tax-advantaged accounts to grow your wealth faster.
•Don't forget CPP & OAS: Government benefits provide a base income in retirement.
•Review annually: Adjust your savings plan as your income and goals change.