The 4% rule suggests you can withdraw 4% of your savings per year in retirement without running out of money over a 30-year period. This calculator uses it to estimate monthly income.

retirement calculator

Project your nest egg — monthly contributions — expected return — retirement income estimate — no sign-up.

Currency

Current age

Retirement age

Current retirement savings ($)

Monthly contribution ($)

Expected annual return (%)

Retirement duration (years)

This calculator provides projections only and does not account for inflation, taxes, CPP, OAS, employer matching, or investment fees. Consult a licensed financial advisor for personalized retirement planning.

Retirement readiness — benchmarks

Age 30	1× annual salary saved
Age 40	3× annual salary saved
Age 50	6× annual salary saved
Age 60	8× annual salary saved
At retirement	10× annual salary saved

What is the 4% rule?

The 4% rule states you can withdraw 4% of your total savings per year in retirement without running out of money over 25–30 years. This calculator uses it to estimate your monthly retirement income.

RRSP vs TFSA

RRSP: Contributions are tax-deductible; withdrawals are taxed as income. Best if you expect a lower tax rate in retirement.

TFSA: Contributions are after-tax; growth and withdrawals are tax-free. Best for flexibility and tax-free retirement income.

FAQ

How much do I need to retire in Canada?

A common target is 70–80% of pre-retirement income annually. Most Canadians need $500,000–$1,000,000+ saved depending on lifestyle and CPP/OAS entitlements.

What return rate should I use?

A balanced portfolio has historically returned 5–7% annually before inflation. Conservative investors use 4–5%; aggressive investors 7–8%.

Does this include CPP and OAS?

No — this shows your personal savings projection only. Add your estimated CPP and OAS payments on top for a complete picture.

Is my data stored?

No — everything runs in your browser. Nothing is uploaded or saved.