Are you saving enough for retirement? Find out if you're on track with our retirement calculator.
Note: This calculator assumes both your income and contributions will increase annually by the rate of inflation.

1 How old are you?

  

2 At what age do you want to retire?

  

3 How many years do you expect to be retired?

  

4 What is your current gross annual income?

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5 What rate of return do you expect to receive on your investments?

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6 Factor in an anticipated rate of inflation.

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7 How much do you already have saved for retirement? (factor in RRSPs, locked-in pension amount, etc.)

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8 What do you want your gross monthly income to be at retirement? (as a rule of thumb, base it on 70-80% of your current salary)

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9 How much do you want to contribute to your RRSP each month?

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Optional: I have past RRSP contribution room. If I took out an RRSP loan, what difference would it make to my retirement savings? Loan Amount (min. $1,000):

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