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

Current Age35

Retirement Age65

Life Expectancy90

Savings & Contributions

Current Retirement Savings

Monthly Contribution

Pre-Retirement Return6%

Post-Retirement Return4%

How your savings are held

This changes the tax on what you take out.

TFSA (tax free)0%

Non-registered (growth taxed as capital gains)0%

RRSP, RRIF or LIRA (fully taxed)100%

Retirement Income

Province

Desired Monthly Income

What you want to spend each month. That takes about $4,475 before tax.

Est. CPP at 65 (monthly)

As of 2026, the highest CPP at 65 is $1,508 a month. Most people get less. Your own estimate is in My Service Canada Account.

Start CPP at65

$800 a month, same as at 65. Find your estimate

Est. OAS at 65 (monthly)

From October to December 2026, full OAS is $763 a month at 65 to 74 and $839 from 75. You need 40 years in Canada after 18 for the full amount, and it is reduced at higher incomes.

Start OAS at65

$700 a month, same as at 65, and 10% more from age 75.

Est. Pension Income (Monthly)

Include any employer-sponsored defined benefit pension, government pension, or other guaranteed monthly pension income you expect in retirement.

Your savings may run out around age 89

At $4,000 a month after tax, a projected nest egg of $694,730 falls short of age 90. You may need to save more, retire later, or plan on a lower income.

Projected Nest Egg

$694,730

at age 65, in today's buying power

Total Contributed

$338,000

over 30 years

Government Income

$1,500/mo

CPP from 65, OAS from 65

Sustainable Income

$4,436/mo

before tax, lasts to age 90. About $3,971 after tax

Monthly Income Breakdown

CPP from 65 (estimated)

$800

OAS from 65 (estimated, 10% more from 75)

$700

From Savings (sustainable est.)

$2,936

Sustainable Total, before tax$4,436

Income tax and OAS recovery (est.)-$465

Sustainable Total, after tax$3,971

Your Desired Income (after tax)$4,000

Monthly Gap (after tax)$29

Tax is estimated for one person in Alberta at 2026 rates, once CPP and OAS have started. Money from savings is taxed by account: 100% RRSP or RRIF (fully taxed), 0% TFSA (tax free) and 0% non-registered (a quarter of each withdrawal taxed, assuming half is growth).

Stress Test Your Plan

Real markets do not return the same amount every year. Turn on one or more of these to see how your plan holds up.

No stress test selected.

Savings Balance Over Your Lifetime

Age 35

$50,000

Age 36

$61,714

Age 37

$73,882

Age 38

$86,524

Age 39

$99,658

Age 40

$113,302

Age 41

$127,476

Age 42

$142,201

Age 43

$157,499

Age 44

$173,392

Age 45

$189,902

Age 46

$207,054

Age 47

$224,873

Age 48

$243,384

Age 49

$262,615

Age 50

$282,594

Age 51

$303,349

Age 52

$324,912

Age 53

$347,312

Age 54

$370,583

Age 55

$394,759

Age 56

$419,875

Age 57

$445,967

Age 58

$473,073

Age 59

$501,233

Age 60

$530,488

Age 61

$560,879

Age 62

$592,453

Age 63

$625,253

Age 64

$659,329

Age 65

$694,730

Age 66

$671,760

Age 67

$648,359

Age 68

$624,519

Age 69

$600,231

Age 70

$575,487

Age 71

$550,280

Age 72

$524,599

Age 73

$498,435

Age 74

$471,781

Age 75

$444,627

Age 76

$417,810

Age 77

$390,490

Age 78

$362,657

Age 79

$334,302

Age 80

$305,414

Age 81

$275,985

Age 82

$246,003

Age 83

$215,458

Age 84

$184,340

Age 85

$152,638

Age 86

$120,341

Age 87

$87,438

Age 88

$53,917

Age 89

$19,767

Age 90

Retirement

Age 35Age 65Age 90

Accumulation

Drawdown

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This calculator is for illustrative purposes only. All figures are in today's buying power: returns are reduced by 2.1% assumed inflation, and contributions, CPP, OAS and pension income are assumed to rise with inflation. Returns are before fees and are not guaranteed. Tax is a simplified estimate for a single person at 2026 rates, including the OAS recovery tax; it ignores pension income splitting, yearly tax on non-registered interest and dividends before withdrawal, and changes to tax rules or government benefit programs. Stress tests are single scenarios, not probabilities. 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.

Related Resources

Retirement Planning Guide CPP & OAS Estimator Financial Snapshot