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Free tool · Updated July 2026

Retirement
calculator

How much will you have at retirement? Adjust your contributions, returns and inflation, the projection updates instantly. No sign-up required.

Projected capital at retirement
—
In today's dollars
—
Sustainable monthly income*
—
Total contributed
—
Investment growth
—

* 4% rule applied to the capital expressed in today's dollars. Educational tool only, real returns vary and nothing guarantees a constant rate. This is not financial advice.

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Methodology

How the calculation
works

The calculator applies monthly compounding: your current savings and each of your contributions grow every month at the chosen annual return, until your retirement age. The capital is also shown in today's dollars (discounted by inflation), to give you a realistic sense of purchasing power.

The sustainable monthly income is estimated with the 4% rule: withdrawing about 4% of the capital in the first year (then indexing that amount) has historically given good odds of making savings last 30 years. In a TFSA, those withdrawals are tax-free; in an RRSP, they're taxed as income.

FAQ

Common questions


Monthly compounding: your current savings and each contribution grow at the chosen annual return until retirement. The result is also discounted by inflation to express it in today's dollars.
A rule of thumb: withdrawing about 4% of your capital in the first year of retirement (then indexing that amount to inflation) gives good odds of making your savings last 30 years. It's an estimate, not a guarantee.
No, this is an educational tool. Returns vary from year to year and a constant rate doesn't exist in practice. For a personalized plan, consult a financial planner.
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