Start planning for your retirement
Understand how much you'll need to save for retirement
using our free calculator.
Your Current Age:
Your Current Annual Income:
Target Retirement Age:
You can start collecting full CPP and OAS benefits from 65 years of age
Target Annual Retirement Income:
This is 70% of your income You'll probably need at least 70% of your pre-retirement income
Current Savings
in RRSP / TFSA:
Any Other Retirement
Savings or Investments:
Your Current Monthly Saving For Retirement:
This is 0% of your income. You'll probably need to save at least 15% of your income for retirement.
We've made some assumptions about your situation and market performance. You can adjust them (as well as your initial figures) above to see how they'll change your forecast.
Life Expectancy:
A life expectancy of 90 is a prudent conservative estimate for Canadians. Your life expectancy may be different based on age and gender. On average women between the ages of 25 and 65 have an estimated life expectancy of 88, while men between the ages of 25 and 65 have an estimated life expectancy of 85
Investment Return:
Expected return on your investments between now and retirement. Your estimated growth may be different based on many factors.
Other Annual
Post-Retirement Income:
Other expected annual retirement income. This might come from rental, property, and business income or inheritance
We forecast how much you may need to save for retirement and project how much you may have saved by your retirement.
The forecast figures are computed by our planning calculator using the information you have entered about yourself, your savings, investments, and goals.
The following assumptions are included in our calculations:
The default value (2%) equals the midpoint of the Bank of Canada's inflation-control target range
The default value (3%) equals the midpoint of the Bank of Canada's inflation-control target range plus 1%
The default value (5%) equals the rate currently paid on five-year GICs, plus 1%
Explore Further With Neontra
To find out more about retirement, try out our app, for free, to forecast, setup, and monitor your retirement goals
Get Started*Note: Our payoff, saving and retirement planning calculators are not financial advice; they are for illustrative purposes only and the results are estimates.
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