Canadian Retirement Calculator

Prepare Your Data

Gather your financial information before filling in the form. These resources will help you prepare:

What You'll Need

Your current age and planned retirement age
Annual employment income (and spouse's if applicable)
Province or territory of residence
RRSP, TFSA, and non-registered account balances
Estimated monthly retirement budget (or use our defaults)
CPP contribution history (check your My Service Canada Account)
OAS eligibility information
Any workplace pension details (DBPP, DCPP)
Outstanding mortgage or debt information

Resources

Data Preparation Guide (PDF) — Read online or download for definitions, where to find each value, and step-by-step instructions. Open Guide • Download Guide
Data Preparation Worksheet (fillable PDF) — Download and fill in your numbers offline, then transfer them to the calculator. Download Worksheet

Scenarios

Manage your scenario: edit form values, save to file, or load from a previous export.

Scenario Name

Name:

Scenario Description

Manage Scenario

Go to the Define step to view and edit your current form values (ages, income, savings, benefits).

Clear all fields and restore default values. This cannot be undone.

File Operations

Load a previously exported .json file. All form fields will be replaced with the imported data.

Export your current form data to a .json file.

Enter a new name and description, then export to a separate file. Your original scenario is kept unchanged.

Calculator Mode

Single

Couple

New here? Gather your information before filling in the form.

Guide (PDF) Worksheet Browse Help

Person A

Name

Current Age

Retirement Age

Life Expectancy

Province

Employment Income ($)

Person A — Savings

Balance ($)

Expected Return (%)

Monthly Contribution ($)

Yearly

Catch-up Room ($)

RRSP Balance ($)

Expected Return (%)

Monthly Contribution ($)

Yearly

Catch-up Room ($)

Balance ($)

Expected Return (%)

Monthly Contribution ($)

Yearly

Only include FHSA if you do not plan to use it for a home purchase. Unused FHSA must be transferred to an RRSP or RRIF after 15 years. Conversion goes to RRSP if still active, otherwise to RRIF.

Balance ($)

Catch-up Room ($)

Expected Return (%)

Opened at Age

RRIF Conversion Schedule — Person A

Schedule RRSP-to-RRIF conversions. Set a percentage of RRSP to convert, with an optional maximum dollar amount (the lower value is used). Set percentage to 100% to convert all remaining RRSP at that age. A mandatory conversion of any remaining RRSP occurs at age 71.

Growth & Inflation Assumptions

Expected Return — Global (%)

Inflation Rate (%)

Tax Bracket Indexing (%)

CPP Benefits

Person A - CPP Base ($/mo)

Person A - CPP Start Age

OAS Benefits

OAS is indexed to inflation. Full OAS (2026): $743.05/month. Clawback starts at $152,062 net income (under 75) / $157,923 (75+).

Person A - OAS Base ($/mo)

Person A - Residence Years

Person A - OAS Start Age

GIS & Marital Status

GIS is automatically calculated when eligible based on your income and marital status.

Marital Status (for GIS eligibility)

Workplace Pensions

Add defined benefit (DBPP) or defined contribution (DCPP) workplace pension plans.

Person A Workplace Pensions

Additional Income Sources

Add employer pensions, annuities, property sales, rental income, or any other retirement income.

Person A Income Sources

Label	Annual Amount	Start Age	End Age	Taxable	Actions

Retirement Budget Phases

Define your expected spending in different phases of retirement. Budget is in today's dollars and will be inflation-adjusted.

Note: Budget phases define your annual spending during retirement. The calculator will adjust for inflation and determine required withdrawals.

Withdrawal Strategy

Tax Calculation

Withdrawal Strategy

Bracket Threshold (%)

Income Margin (%)

Options

Safety margin as cash

Survivor Budget (%)

CPP Indexing Rate (%)

OAS Indexing Rate (%)

Tax Bracket Indexing (%)

Annual rate at which tax brackets and credits (like Basic Personal Amount) are adjusted for inflation.

Withdrawal Priority Order

Set the order in which accounts are drawn from after income sources (CPP, OAS, pensions) are used:

1st

2nd

3rd

4th

5th

6th

How Retirement Income is Sequenced

Your retirement income is drawn in a fixed order. Mandatory income sources are always used first, even if their total exceeds your budget. Only the remaining gap (if any) is filled from your portfolio accounts in the priority order you set above.

Priority	Income Source	Type	Taxable?	Your Control
1st	CPP (Canada Pension Plan)	Government pension	Yes	Start age (60–70)
2nd	OAS (Old Age Security)	Government benefit	Yes	Start age (65–70)
3rd	GIS (Guaranteed Income Supplement)	Government benefit	No	Automatic (low income)
4th	DBPP — Defined Benefit Pension	Employer pension	Yes	Start age set by plan
5th	DCPP/LIF — Defined Contribution Pension	Employer pension	Yes	LIF minimums automatic
6th	Other pension / annuity income	Custom income	Per source	You configure
7th+	Portfolio accounts in the order you set above (Non-Reg Interest, RRIF, RRSP, Non-Reg Principal, TFSA, Unused FHSA → RRSP). These are only drawn if mandatory income does not cover your budget.

Important: Mandatory income sources (CPP, OAS, GIS, workplace pensions) always flow into your retirement income regardless of budget. If they exceed your budget, no portfolio withdrawals are needed that year.

One-Time Injections

Label	Amount ($)	Age	Account	Actions

One-Time Expenses

Label	Amount ($)	Age	Actions

Housing

Mortgage Status

Payoff Age

Monthly Payment ($)

Export Your Results

Download your retirement plan in different formats for offline review or sharing.

No calculation results available. Run a calculation first to enable exports.

Next Steps

Compare scenarios, refine your plan, and explore your results in detail.

No results yet

Run a calculation first to see your detailed retirement plan and results.

Share with a Financial Advisor

Export your results as PDF and share with your financial advisor for professional guidance.

Prepare Your Data

What You'll Need

Resources

Scenarios

Manage Scenario

File Operations

Calculator Mode

Person A

Person B

Person A — Savings

RRIF Conversion Schedule — Person A

Person B — Savings

RRIF Conversion Schedule — Person B

Growth & Inflation Assumptions

CPP Benefits

OAS Benefits

GIS & Marital Status

Workplace Pensions

Additional Income Sources

Retirement Budget Phases

Withdrawal Strategy

Withdrawal Priority Order

One-Time Injections

One-Time Expenses

Housing

Results

Export Your Results

PDF Report

Excel Workbook

CSV Data

Next Steps

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Results Available

Refine Your Plan

Share with a Financial Advisor

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