Retirement Calculator Canada

See if you are on track for retirement with CPP and OAS included.

Your Information

Savings Projection

Portfolio growth from age 30 to 65

Status

On Track

139% of target

Projected at 65

$1,096,659.49

total savings

Target Needed

$786,200.00

via 4% rule

Surplus

$310,459.49

above target

Retirement Income Sources

CPP (estimated)$9,648.00/yr
OAS (estimated)$8,904.00/yr
From Savings (4% rule)$43,866.38/yr
Total Annual Income$62,418.38

Budget for Retirement Savings

Waypoint Budget helps you allocate money toward RRSP and TFSA contributions each month.

Start Planning Free

Retirement Planning Notes

  • CPP and OAS estimates are conservative averages. Your actual amounts depend on your contribution history.
  • The 4% rule suggests you can withdraw 4% of savings annually without running out over 30 years.
  • Consider inflation, healthcare costs, and lifestyle changes in retirement.

Related Calculators

RRSP Calculator

Calculate RRSP contributions and tax savings

TFSA Calculator

Calculate your total TFSA contribution room

Compound Interest

Calculate compound interest growth

Disclaimer: This calculator is for educational and informational purposes only and does not constitute financial, tax, or legal advice. Results are estimates based on simplified assumptions and may not reflect your actual situation. Tax laws, contribution limits, and regulations change frequently. Always consult a qualified financial advisor or tax professional before making financial decisions. See our Terms of Service for full details.