Estimates only — not financial advice.

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This tool uses approximate 2026 CPP, OAS, and GIS rates to give you a rough picture of your retirement outlook. Tax, OAS clawback, and GIS calculations are simplified estimates. Investment returns and inflation are not guaranteed. Always speak with a qualified financial advisor before making major retirement decisions.

Step 1 — About You

Date of birth We use this to calculate your current age and years to retirement.

Province / Territory

Canada residency Used to estimate your OAS amount. 40 years = full OAS (~$743/mo).

Born in Canada, or lived here since childhood I immigrated to Canada

Year you arrived in Canada

Marital status

Single Married or common-law Divorced or separated Widowed

Step 2 — Retirement Timing

Your retirement status

I am still working I have already retired

Target retirement age

CPP start age Earlier means less per month; later means more. Default 65.

Starting at 65 — your full estimated amount.

OAS start age Can only defer OAS; cannot start before 65.

Starting at 65 — standard OAS amount.

Estimated monthly CPP at age 65 From My Service Canada. If unsure, leave at $900.

Part-time retirement phase Very common: work part-time for a few years, then fully stop. Part-time income reduces how much you draw from savings during that window.

I will retire fully at my target age I plan to work part-time first

Monthly part-time income (after tax) Gross income from part-time work once you step back.

Fully retire at age

Your Spouse's Government Income

Add your spouse's CPP and OAS for a complete household picture. These are estimates — consult a financial advisor or canada.ca for precise figures.
Note: the projection assumes your spouse is the same age as you. If there's a large age gap, household income timing may differ.

Spouse's monthly CPP At their actual start age. Find on My Service Canada. Enter 0 if no CPP.

Spouse's OAS start age Each year deferred past 65 adds 7.2%. Set to 65 if spouse has no OAS.

Step 3 — Your Savings

Enter current balances. Use 0 if you don't have that account.

RRSP / RRIF balance Your total RRSP or RRIF balance today

TFSA balance Your total TFSA balance today

Non-registered investments Stocks, GICs, savings accounts outside RRSP/TFSA

Monthly DB pension Monthly employer pension, if any. Enter 0 if none.

Home equity / downsizing Often the largest asset Canadians have. If you plan to sell and move somewhere smaller or cheaper, the net proceeds can fund retirement.

I do not plan to downsize I plan to downsize or sell my home

Net proceeds after next home / rental Sale price of current home, minus cost of smaller home or condo, realtor fees, and moving costs.

Age when you plan to downsize

Rental properties

I don't have rental properties I have rental properties

Set up your rental properties to calculate net monthly income.

Set Up Rental Income →

Step 4 — Your Spending

Housing in retirement This affects which expense categories are shown below.

Own home, mortgage-free Own home, still have mortgage Renting

Monthly retirement expenses Enter what you expect to spend each month in retirement. Some categories show or hide based on your housing choice above.

Monthly

Annual (divided by 12 automatically)

Major one-time expenses in year 1 e.g. helping kids, travel, renovations. Enter 0 if none.

Step 5 — Assumptions

These defaults work for most people. Expand to adjust if you'd like.

Investment & Planning Assumptions (click to expand)

Expected annual investment return

5.5%

Conservative: 3–4% | Balanced: 5–6% | Growth: 7–9%

Expected annual inflation

2.8%

Bank of Canada target: 2% | Recent average: 2.8%

Plan to age

Conservative planning age: 90–95. Canadian life expectancy at 65: ~87 (average).

Will you retire in Canada?

Affects whether GIS (Guaranteed Income Supplement) is included in your estimate.

Yes — I plan to live in Canada No — I plan to live abroad

What this calculator does not include: Quebec Pension Plan (QPP) — Quebec residents should use their own QPP figures as CPP input. Spousal income splitting, provincial tax rates, and long-term care costs are not modelled.