Retirement calculator: Are you saving enough?
The word "retirement" means different things to different people. For you, it could mean a future with your child's education paid for, a nest egg that allows you to decide whether or not you continue working (PDF), or having the financial means to take care of your family. For others, it might mean starting a business, or starting part-time work in a field unrelated to their career that interests them. It all leads to the same questions: How do I calculate how much I need to retire, and will my money last through retirement?
- Expected retirement age
- Unretirement earnings
Canada Pension Plan (CPP) benefits
- Old Age Security (OAS) benefits
- Benefits from any employer sponsored pension plan
- Existing savings balances:
- Current monthly savings contributions
- Expected rate of return
- Life expectancy
This calculator is for illustrative purposes only and does not reflect the performance of any specific investment. It does not take into account the deduction of any fees or taxes. There is no guarantee that the rate of return can actually be achieved. Investments offering the potential for higher rates or return also involve a higher degree of risk.