Income Need
Current age
Retirement starts at age
Retirement ends at age
Current annual income
Index income to inflation rate of
How much will you need at retirement?
|
35
|
|
65
Retirement Starts at Age
If you are already retired, enter the same age as your current age. |
|
90
|
|
65,000
Current Annual Income
Enter your current annual income (before tax). |
|
2.00%
|
| Inflated income at retirement |
$213,267
|
|
75.00%
How Much Will You Need At Retirement?
Typically, you will need less income during retirement. A general guideline is 70% to 80% of pre-retirement income. |
| Income need in first year of retirement |
159,950
|
Retirement Investments
Current value of investments
Annual investments
Start at age
End at age
Rate of Return on Investments:
Before retirement
During retirement
|
50,000
Current Value of Investments
Enter the combined value of your RRSPs, TFSAs and non-registered investments. |
|
5,000
Annual Investments
Enter the approximate amount you can invest each year. |
|
35
|
|
65
|
Before retirement
|
6.00%
Input Error: Rate of Return
Enter a value between 0 and 15% |
|
4.00%
Input Error: Rate of Return
Enter a value between 0 and 8% |
Retirement Income
Government Pensions
Company Pension
Annual pension (in today's dollars)
Start at age
End at age
Other Income
Annual income (in today's dollars)
Start at age
End at age
| Canada Pension Plan |
13,855
Government Pensions
The maximum annual CPP retirement benefit is $ as of . |
| Old Age Security |
7,217
Old Age Security
The maximum annual OAS retirement benefit is $ as of . |
| Total (in today's dollars) |
20,685
|
Annual pension (in today's dollars)
|
0
Annual Pension
Enter the approximate amount you will receive from your company's defined benefit pension plan in today's dollars. |
|
65
|
|
90
|
Annual income (in today's dollars)
|
0
Annual Income
Enter any income from part-time work, self-employment or a rental property during retirement. |
|
65
|
|
75
|
Results
Assumptions
CPP, OAS, company pensions and other income are all indexed to the entered inflation rate of %. You qualify for the maximum CPP and OAS amounts and both benefits start at age 65. Annual investments are made at the end of the year and are not indexed. All calculations are before taxes.
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into anytransaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. ©Copyright 2019 Ativa Interactive Corp. All rights reserved. Powered by Ativa.com.
CPP, OAS, company pensions and other income are all indexed to the entered inflation rate of %. You qualify for the maximum CPP and OAS amounts and both benefits start at age 65. Annual investments are made at the end of the year and are not indexed. All calculations are before taxes.
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into anytransaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. ©Copyright 2019 Ativa Interactive Corp. All rights reserved. Powered by Ativa.com.
