Retirement Income Calculator
Model CPP, OAS, and your savings across your retirement years.
Your inputs
Balance from 45 to 90
- Balance
Frequently Asked Questions
How much do I need to retire in Canada?
A common rule of thumb is 70-80% of your pre-retirement income, but the honest answer depends on your lifestyle, debts, healthcare needs, and whether you own your home. Modelling year-by-year is more accurate than any single number.
When can I start CPP?
You can start CPP as early as 60 (reduced) or defer to 70 (up to 42% larger). The 2026 maximum monthly CPP at age 65 is approximately $1,433, though most Canadians receive less.
What income sources should I draw first?
A common approach is to draw from non-registered and RRSP funds early to keep taxable income low, defer OAS and CPP for a larger guaranteed income, and use TFSA last for tax-free flexibility.
Will my savings last?
The calculator projects your balance year by year. If it hits zero before your planned end age, you need to save more, work longer, spend less, or expect higher returns.
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