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Canadian Retirement Calculator

Project your retirement income using current CRA limits for CPP, OAS, RRSP, TFSA, and provincial tax brackets. All calculations updated for the 2026 tax year.

CPP projection: deferral bonuses of +0.7%/month after age 65, up to $1,364/month max at 65
OAS/GIS eligibility: $948.87/month max OAS, clawback threshold at $90,997 net income
TFSA/RRSP compounding: $7,000 annual TFSA room (2026), tax-deferred growth modeling
Provincial comparison: all 13 provinces/territories with current tax brackets
RRIF conversion: minimum withdrawal schedules and tax impact analysis at age 71
Export options: download results as PDF or Excel for advisor review

v1.2.0 — What's new
Privacy: No data stored or shared. Calculations run locally in your browser. Accuracy: Aligned with CRA, Service Canada, and provincial tax authority guidelines.

Prepare Your Data

Download reference materials and templates, then import your prepared data to pre-fill the calculator.

Downloads

Data Preparation Guide Detailed reference: what each field means and where to find the numbers Fillable Worksheet Type or print your numbers before entering them into the calculator Detailed Budget Template Excel workbook with all expense categories for Go-go, Slow-go and No-go phases — fill in your amounts offline

Imports

Important: Importing a scenario overwrites all data, including any edits you made, data imported from another scenario, or budget items imported from Excel. Import your scenario first, then import your budget.

Based on limited inputs. Results are approximate. Add more details for precision.

Planning for

Myself Myself & Partner

Province

Enter each person's info separately (per person, not combined).

CPP amounts require your contribution history. Enter your estimate from My Service Canada Account, or use $0 for a conservative projection.

Person A (You)

Age

Retirement Age

Annual Income ($)

Total Savings ($)

CPP Annual Amount $ /yr

OAS Residence yrs

Annual Contributions $ /yr

Person B (Partner)

Age

Retirement Age

Annual Income ($)

Total Savings ($)

CPP Annual Amount $ /yr

OAS Residence yrs

Annual Contributions $ /yr

Enter total savings to see breakdown

These settings apply to the overall simulation.

Portfolio

Savings Split

How your total savings are divided between account types

RRSP %

TFSA %

Other %

Budget & Lifestyle

Monthly Budget $ /mo

70% replacement ratio of pre-retirement income

Budget Phases

Spending changes in retirement: active, slower, later years

Go-go %

Slow-go %

No-go %

Life Expectancy yrs

Planning horizon — not a prediction

Benefits & Growth

Investment Return % annually

Average annual return on investments

Inflation Rate % annually

Annual inflation assumption

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 ($)

SavingsPerson A — Savings

Do you have a TFSA?

Do you have an RRSP?

Do you have non-registered investments?

Do you have an FHSA?

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 Contribution Room ($)

Expected Return (%)

Opened at Age

Person B — Savings

Do you have a TFSA?

Balance ($)

Expected Return (%)

TFSA Monthly Contribution ($)

Yearly

Catch-up Contribution Room ($)

Do you have an RRSP?

RRSP Balance ($)

Expected Return (%)

RRSP Monthly Contribution ($)

Yearly

Catch-up Contribution Room ($)

Do you have non-registered investments?

Do you have an FHSA?

BenefitsPerson A — Benefits

Do you have CPP benefits?

CPP Base ($/mo)

CPP Start Age

Do you have 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+).

OAS Base ($/mo)

Residence Years

OAS Start Age

Do you have a workplace pension?

Do you have additional retirement income?

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

Label	Annual Amount	Start Age	End Age	Taxable	Actions

Person B — Benefits

Do you have CPP benefits?

CPP Base ($/mo)

CPP Start Age

Do you have 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+).

OAS Base ($/mo)

Residence Years

OAS Start Age

Do you have a workplace pension?

Do you have additional retirement income?

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

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.

Growth & Inflation Assumptions

Expected Return — Global (%)

Inflation Rate (%)

Tax Bracket Indexing (%)

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

CPP Indexing Rate (%)

OAS Indexing Rate (%)

Withdrawal Strategy

Tax Calculation

Withdrawal Strategy

Bracket Threshold (%)

Income Safety Margin (%)

Options

Income Safety Margin as cash

Survivor Budget (%)

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

Stress Tests

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.

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Share with a Financial Advisor

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

Canadian Retirement Calculator

Explore a Sample Scenario

Prepare Your Data

Downloads

Imports

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