Canadian Retirement Income Calculator
The Canadian Retirement Income Calculator helps you estimate how much money you might have when you retire.
Before you begin
To get the most accurate insights from the tool, consider gathering the following resources based on the income sources you want to include:
| Income sources to examine | Resources to gather |
|---|---|
| Canada Pension Plan (CPP) retirement benefits | CPP Statement of Contributions or QPP Statement of Participation |
| Old Age Security (OAS) pension | Your residence history in Canada |
| Employer pension (if applicable) | Financial information about your employer pension |
| Retirement savings like RRSPs and TFSAs (if applicable) | Statements for your RRSPs and TFSAs |
| Other income (if applicable) | Statements for other savings that will provide ongoing monthly retirement income (annuities, foreign pensions, survivor pensions, etc.) |
How the Canadian Income Calculator Works
- Set a retirement income goal: input how much income you want to have each year when you retire
- Enter your information: answer questions about your income and savings
- Check your results: check income estimates from OAS, CPP, and other sources
- Adjust and compare: adjust the information you have entered, such as planned RRSP contributions or the date you plan to start your pension, to understand how those changes affect your retirement income
- Take your time: it will take you about 30 minutes to complete
If you are married or have a common-law partner
If you are married or have a common-law partner, you should use the calculator separately. Then, review both of your results to understand your overall situation.
The results provide estimates only. Do not use the results for financial planning. It's best to consult with a financial expert for more detailed advice.
StartPrivacy and browser requirements
The calculator does not collect any personal information or identifiers.
Web browser requirements
Ensure your browser is up to date. The calculator works with:
- Microsoft Edge (version 85 or newer)
- Mozilla Firefox (version 68 or newer)
- Safari (version 13.1.2 or newer)
- Google Chrome (version 84 or newer)
You also need to have JavaScript enabled in your browser settings.