Retirement Income Calculator

Determine what your financial situation might be when you retire based on your current financial situation.

Instructions

• Enter data in each field. The results are displayed on the right.

• To calculate the results, press the Tab key or click outside the field.

• Point to

for more information about the type of data required in each field.

Sex:

Male

Female

Results:
Pre-retirement salary:
Annual retirement income:
Projected OAS monthly benefit:
Projected C/QPP monthly benefit:
Projected defined pension plan benefit:
Growth of current retirement savings:
Monthly pension purchased:
The amount of money to save for retirement:
The level monthly contribution needed until retirement:
The contribution of a fixed percentage of salary needed until retirement:

Marital status:

Single

Married

Current age:

Current income:

Annual salary increase:

Retirement age:

Retirement income goal as a percentage of salary:

Assumed inflation rate:

$header=[%OAS, %C\QPP Availible at Retirement:] body=[Enter the percentage of government benefits (OAS, C\QPP) that you may be entitled to when you retire. Please keep in mind that government benefits will gradually shrink over time and therefore you may want to set the percentage to a very low setting.]$

% OAS benefit available at retirement:

$header=[%OAS, %C\QPP Available at Retirement:] body=[Enter the percentage of government benefits (OAS, C\QPP) that you may be entitled to when you retire. Please keep in mind that government benefits will gradually shrink over time and therefore you may want to set the percentage to a very low setting.]$

% C/QPP benefit available at retirement

% Pre-retirement salary payable from defined benefit plan

Current RRSP holdings

Assumed rate of return:

4% 6% 8% 10% 12%

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