Calculators

How much do you need saved to retire?

Pick the spending you want in retirement, then test a savings number against it. This runs the same Canadian tax and benefit model as the plan builder — federal and provincial brackets, CPP, OAS clawback, and RRIF minimums — one year at a time, entirely in your browser.

There's no single "magic number" independent of your age, province, and account mix — a dollar in a TFSA and a dollar in an RRSP are taxed very differently on the way out. Adjust the savings figure below and recalculate until the shortfall years hit zero — that's roughly what you'd need, for this spending target and retirement age.

This is a quick, single-scenario check. For a full plan — a working-years accumulation phase, a second person, one-time events, tax-efficient withdrawal ordering, and an after-tax estate projection — build your full plan, free.