How much do I need to retire in Canada?

The amount you need to retire in Canada depends entirely on your target lifestyle and retirement age. A common rule of thumb is aiming for 70% of your pre-retirement income. Using our Retirement Planner, you can input your specific expenses, government benefits (like CPP and OAS), and current portfolio to see exactly how long your money will last.

Does this calculator include CPP and OAS?

Yes! Our Retirement Planner automatically estimates your Canada Pension Plan (CPP) and Old Age Security (OAS) payouts based on your income and retirement age. It factors these government benefits into your overall cash flow so you know exactly how much you need to withdraw from your own savings each year.

Retirement Planner [2026]

Drawdown calculator for RRSP, TFSA, CPP, and OAS

Data: CRA Contribution Limits (2026)

Retirement Planner

A simplistic asset drawdown simulator. See if your portfolio and government benefits can sustain your target lifestyle.

Plan Details

Include Spouse

Province

Target Annual Income (After-Tax)

End Planning Age

Children (Birth Years)

Used to calculate tax-free Canada Child Benefit (CCB) payouts if you retire early while children are under 18.

Current Age

Current Working Income (Net)

Start Retirement Age

Years in Canada (at 65)

Number of years lived in Canada between age 18 and 65. Used to calculate eligible OAS amount.

Current Assets & Contributions

TFSA Balance

RRSP Balance

LIRA Balance

Joint Non-Registered Balance

Book Value (ACB)

Annual Savings (Until Retirement)

TFSA Savings / Yr

RRSP Savings / Yr

Non-Reg Savings / Yr

Future Income Sources

DB Pension (Annual)

DB Pension Start Age

Expected CPP (Annual)

CPP Start Age

OAS Start Age

Delaying OAS beyond 65 increases your benefit by 0.6% per month (7.2% per year), up to age 70.

Assumptions

Inflation Rate (%)

Est. Real Return (%)

Drawdown Strategy

Retirement Status

Depleted at Age 67

Your assets will run out before your end planning age.

Final Estate Value

$0Nominal

$0Today's $

Projections

View Year-by-Year Breakdown

Cash Flow Table

Age	Total Portfolio	Total Withdrawals	Total Net Inc.	Shortfall
40	$70,000	$0	$60,000	-
41	$71,988	$0	$60,000	-
42	$74,033	$0	$60,000	-
43	$76,136	$0	$60,000	-
44	$78,298	$0	$60,000	-
45	$80,522	$0	$60,000	-
46	$82,809	$0	$60,000	-
47	$85,161	$0	$60,000	-
48	$87,580	$0	$60,000	-
49	$90,068	$0	$60,000	-
50	$92,626	$0	$60,000	-
51	$95,257	$0	$60,000	-
52	$97,963	$0	$60,000	-
53	$100,745	$0	$60,000	-
54	$103,607	$0	$60,000	-
55	$106,549	$0	$60,000	-
56	$109,576	$0	$60,000	-
57	$112,688	$0	$60,000	-
58	$115,889	$0	$60,000	-
59	$119,181	$0	$60,000	-
60	$122,566	$0	$60,000	-
61	$126,047	$0	$60,000	-
62	$129,627	$0	$60,000	-
63	$133,309	$0	$60,000	-
64	$137,096	$0	$60,000	-
65	$76,397	$64,592	$60,000	-
66	$21,070	$57,497	$60,000	-
67	$0	$21,668	$43,597	$16,403
68	$0	$0	$8,835	$51,165
69	$0	$0	$8,835	$51,165
70	$0	$0	$8,835	$51,165
71	$0	$0	$8,835	$51,165
72	$0	$0	$8,835	$51,165
73	$0	$0	$8,835	$51,165
74	$0	$0	$8,835	$51,165
75	$0	$0	$8,835	$51,165
76	$0	$0	$8,835	$51,165
77	$0	$0	$8,835	$51,165
78	$0	$0	$8,835	$51,165
79	$0	$0	$8,835	$51,165
80	$0	$0	$8,835	$51,165
81	$0	$0	$8,835	$51,165
82	$0	$0	$8,835	$51,165
83	$0	$0	$8,835	$51,165
84	$0	$0	$8,835	$51,165
85	$0	$0	$8,835	$51,165
86	$0	$0	$8,835	$51,165
87	$0	$0	$8,835	$51,165
88	$0	$0	$8,835	$51,165
89	$0	$0	$8,835	$51,165
90	$0	$0	$8,835	$51,165

Authoritative Government Resources

CRA: TFSA Rules & Limits

CRA: RRSP Contribution Guidelines

Service Canada: OAS Overview

Service Canada: GIS Benefits

CRA: Spousal RRSP Guidelines

Explore Retirement Scenarios

Curious about retiring early or delaying until 70? Browse our pre-calculated retirement drawdown scenarios to see how your target income affects your longevity.

Browse Retirement Scenarios →