Your numbers
Estimates are fine — you can always refine this with an advisor later.
Current age
45
Retirement age
65
Life expectancy (plan to)
90
The age you want your plan to comfortably cover.
Current retirement savings
$150,000
Total across RRSP, TFSA, LIRA and non-registered accounts.
Monthly contribution
$800
Expected return
5.5%
Inflation rate
2.5%
Desired annual retirement income
$60,000
In today's dollars, before CPP/OAS.
Estimated annual CPP + OAS
$16,000
2026 combined maximum is roughly $24,000–$25,000/yr at 65; most Canadians receive less. Ask us for your estimate.
On track
$0
Projected savings at retirement (age 65)
Age 45
Age 90
Annual income need
$44,000
Money lasts to age
Age 90+
Total contributions by retirement
$0
Surplus / shortfall at 90
$0
Assumptions: contributions made monthly, growth compounded monthly, withdrawals begin at retirement age and grow with inflation, government benefits held level in today's dollars. This tool provides estimates for educational purposes only — it is not a substitute for personalized financial or tax advice.
Want this turned into a real plan?
Your projection above is a starting point. A licensed advisor can factor in your actual RRSP/TFSA room, pension income, tax bracket and CPP timing decisions — free of charge, no obligation.
- One-on-one review with a licensed advisor
- Personalized CPP/OAS timing strategy
- Tax-efficient withdrawal order (RRSP vs TFSA)