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Lifetime Income

Retirement Income Calculator

Explore whether your current savings and contributions may provide the income you need in retirement. Adjust the variables to see how different scenarios could play out.

Timeline

35
65
90

Savings & Contributions

$
$
6%
4%

Retirement Income

$
Average CPP at 65 is approximately $800/month. Maximum is around $1,365.
$
Maximum OAS at 65 is approximately $700/month. Subject to clawback above certain income thresholds.
$
Include any employer-sponsored defined benefit pension, government pension, or other guaranteed monthly pension income you expect in retirement.
$

Your savings may last through retirement

Based on these inputs, your projected nest egg of $1,182,747 could support your desired income through age 90.

Projected Nest Egg

$1,182,747

at age 65

Total Contributed

$338,000

over 30 years

Government Income

$1,500/mo

CPP + OAS + Pension

Sustainable Income

$9,385/mo

estimated total

Monthly Income Breakdown

CPP (estimated)
$800
OAS (estimated)
$700
From Savings (sustainable est.)
$7,885
Estimated Sustainable Total$9,385
Your Desired Income$4,000

Savings Balance Over Your Lifetime

Age 35
$50,000
Age 36
$62,952
Age 37
$76,704
Age 38
$91,303
Age 39
$106,803
Age 40
$123,259
Age 41
$140,729
Age 42
$159,278
Age 43
$178,970
Age 44
$199,877
Age 45
$222,073
Age 46
$245,639
Age 47
$270,658
Age 48
$297,220
Age 49
$325,420
Age 50
$355,360
Age 51
$387,146
Age 52
$420,893
Age 53
$456,721
Age 54
$494,759
Age 55
$535,143
Age 56
$578,018
Age 57
$623,537
Age 58
$671,864
Age 59
$723,172
Age 60
$777,644
Age 61
$835,475
Age 62
$896,874
Age 63
$962,060
Age 64
$1,031,266
Age 65
$1,104,741
Age 66
$1,200,378
Age 67
$1,218,727
Age 68
$1,237,824
Age 69
$1,257,698
Age 70
$1,278,383
Age 71
$1,299,910
Age 72
$1,322,314
Age 73
$1,345,631
Age 74
$1,369,898
Age 75
$1,395,154
Age 76
$1,421,438
Age 77
$1,448,794
Age 78
$1,477,264
Age 79
$1,506,893
Age 80
$1,537,731
Age 81
$1,569,824
Age 82
$1,603,225
Age 83
$1,637,986
Age 84
$1,674,164
Age 85
$1,711,816
Age 86
$1,751,002
Age 87
$1,791,785
Age 88
$1,834,228
Age 89
$1,878,402
Age 90
$1,924,374
Retirement
Age 35Age 65Age 90
Accumulation
Drawdown

Want to build a retirement income plan tailored to your situation?

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This calculator is for illustrative purposes only. It uses simplified assumptions and does not account for inflation, taxes, OAS clawback, pension adjustments, or changes in government benefit programs. Actual retirement income will depend on many factors including market performance, tax rates, and personal circumstances. CPP and OAS amounts are estimates only. This is not financial advice. Please consult with a licensed professional.

Five Ridge Financial Ltd. · Alberta, Canada · For illustrative purposes only