Canadian Retirement Planner

CPP · OAS · Savings · Tax-aware estimates

👤 Personal Details

Current Age

Retirement Age

Life Expectancy Avg. Canadian: 82–85. Use 90+ to be safe.

Province

💰 Current Finances

Annual Income (Gross)

Desired Monthly Net Income NET

What you want to take home each month after tax, in today's dollars.

RRSP / RRIF

Registered Retirement Savings Plan

TFSA

Tax-Free Savings Account — withdrawals never taxed

FHSA

First Home Savings Account — $40,000 lifetime max

Non-Registered Savings

Taxable — only capital gains are taxed (50% inclusion)

Corporation — Retained Earnings

Dividend income from retained earnings inside a corp

📥 Annual Savings

Annual Total Savings

Total saved per year across all accounts. TFSA filled first ($7K room), then DC pension (per amount above), then RRSP (per contribution setting), then the rest goes to non-registered.

🏛️ Canada Pension Plan (CPP)

Estimated Monthly CPP at 65

2024 max: $1,364.60/mo. Check My Service Canada for your estimate.

CPP Start Age

🏦 Old Age Security (OAS)

OAS Start Age 2024 base: $713.34/mo at 65. Must live in Canada 40+ years for full benefit.

Years Lived in Canada Partial OAS if fewer than 40 years. Min 10 years to qualify.

GIS (Guaranteed Income Supplement) For low-income seniors. Reduces as other income rises.

🏢 Employer Pension & Other Income

Defined Benefit (DB) Pension / yr

Guaranteed annual pension from employer DB plan. Paid for life — not drawn from your savings.

Defined Contribution (DC) Pension Balance (optional)

Workplace DC plan (group RRSP, DPSP). Added to your RRSP — converts to RRIF at 71 and is fully taxable on withdrawal.

DC Annual Contribution (employee + employer)

Total going into DC each year (your contribution + employer match). This is deducted from your total annual savings first, after TFSA room is filled.

Other Annual Income in Retirement

Rental income, part-time work, inheritances, etc.

📈 Assumptions

Expected Investment Return 6%

2% Conservative10% Aggressive

Inflation Rate 2.5%

1% Low5% High

Home Equity Available

If downsizing or reverse mortgage is planned.

Projected Nest Egg at Retirement

Total savings at retirement (inflation-adjusted)

0 yrs Years to Save

0 yrs Retirement Length

$0 Est. Monthly Income

$0 Target Monthly Income

🧮 How Your Nest Egg Was Built

📊 Annual Income Breakdown

💡 Personalized Tips

🌍 Where in the World Can You Retire?

Based on your retirement income, see which cities and countries fit your budget. All costs are individual annual estimates in CAD. Click any card for full details.

Income to Compare Against Run the Calculator tab first to auto-fill your income.

Lifestyle Frugal ≈ 65% of comfortable · Luxury ≈ 150%

Climate Preference

Region

📊

Run the Calculator First

Complete the Calculator tab and click Calculate My Retirement to see your year-by-year withdrawal plan.

📍 Retirement Location & Income Target

Choose a location to model local costs, or stay with your calculator income targets. The drawdown simulation will target that amount each year.

Retirement Location / Income Target

Lifestyle Frugal ≈ 65% of comfortable · Comfortable = base estimate · Luxury ≈ 150%

🔀 Withdrawal Order

Drag to reorder which account you draw from first. The order can mean paying tens of thousands of dollars more in tax — or running out of money years earlier.

⠿

TFSA — Tax-Free Savings Account Withdrawals are completely invisible to CRA. Don't raise your taxable income, don't affect your tax bracket, don't trigger OAS clawback, and don't count toward GIS reduction. Every dollar withdrawn = a dollar in your pocket.

✓ Optimal 1st

⠿

Non-Registered — Taxable Account Only the gains are taxed, and only at 50% inclusion — meaning if you earned $10K in gains, only $5K is added to your taxable income. The original capital you deposited is returned tax-free. More efficient than RRSP for most retirees.

2nd

⠿

RRSP / RRIF — Registered Retirement Account Every dollar withdrawn is fully taxed as ordinary income — like a paycheque. Large RRSP draws can push you into a higher bracket, trigger OAS clawback (above ~$90K/yr), and reduce GIS eligibility. Best drawn last, in smaller amounts.

3rd

⠿

Corporation — Dividend Income Dividends from retained earnings. Taxed at personal dividend rates — eligible (~25–35%) or non-eligible (~30–44%). No mandatory minimums like RRIF. Usually drawn last to let the corp keep compounding longer.

4th

📅 Year-by-Year Cash Flow

CPP

OAS / GIS

Pension / Other

TFSA

RRSP

RRIF (mandatory)

Non-Reg

Corp Dividends

Spending Target

Age	Yr	CPP	OAS	Pension	TFSA Draw	RRSP Draw	Non-Reg Draw	Gross Total	Est. Tax	Net After Tax	TFSA Bal	RRSP Bal	Non-Reg Bal	Total Bal

① Taxable: CPP, OAS, RRSP/RRIF draws, DB pension, other income — counted as income for tax purposes. ② Tax-free: TFSA draws never taxed — don't affect your bracket. ③ Partially taxable: Non-Reg draws — only ~50% capital gains included. ④ Dividend tax: Corp dividends taxed at personal dividend rate (eligible ~25–35%, non-eligible ~30–44%). Net amount shown in the Net After Tax column. ⚠️ RRIF Min: Mandatory CRA minimums — forced taxable income after age 71 regardless of need. Shown in orange.

📄

Run the Calculator First

Complete the Calculator tab and click Calculate My Retirement to unlock your personalised PDF report.

Your Retirement Report is Ready

—

Projected nest egg · download your full plan below

—Est. Monthly

—Target Monthly

—Retirement Length

—Retirement Age

📋 What's Included in Your Report

📊

Financial Summary

Nest egg, CPP/OAS amounts, account breakdown, and income projection

🧮

Savings Routing

How contributions were split across TFSA, RRSP, and non-registered

📅

Year-by-Year Cash Flow

First 10 + last 5 retirement years showing exactly which accounts are drawn

💡

Personalised Tips

CPP/OAS timing, TFSA/RRSP strategy, and gap-bridging recommendations

🌍

Destination Comparison Page 3

Up to 3 cities side-by-side — annual costs by category, visa requirements, and healthcare notes

🌍 Choose Up to 3 Retirement Destinations

Pick the cities you're seriously considering. Page 3 of the PDF will include a full profile for each — costs by category, Canadian visa requirements, and healthcare options.

Destination 1

Destination 2

Destination 3

Lifestyle

3-page PDF · Generated in your browser · Your data never leaves your device