RETIREMENT CALCULATOR

How much should I save for retirement? The answer is different for everyone. It depends on each person's situation and retirement goal. The retirement simulator below will give you an estimate.

About you

Sex assigned at birth

Man Woman

Date of birth

Day

Year

Current annual income before taxes

Retirement goal

Expected retirement age

years

Percentage of desired annual income before taxes

Accumulated retirement savings

Current balance

Annual contributions

delete

Add a plan add

report You must complete all the information required for the last plan before adding a new one.

Other retirement income

Annual additional income

Will you be receiving a pension at retirement from a defined benefit pension plan?

Yes No

Estimated annual pension at retirement (in today's dollars)

Pension plan coordinated with public pension plans

Yes No

Calculation assumptions

Rates and returns

Average annual rate of return on investments

Average annual inflation rate

Marginal tax rate

Other retirement income

Old Age Security (OAS)

Canada Pension Plan (CPP) or Quebec Pension Plan (QPP)

Age at start of QPP payments

years

The inflation rate used in this simulation is 2%.
The rate of return used in this simulation is 5%.
The calculations in this simulator are based on a marginal tax rate of 40%.
For the purposes of this simulation, the expected annual pension from the Canada Pension Plan (CPP) or the Québec Pension Plan (QPP) is calculated to start at retirement age (minimum age 60) and that the Old Age Security (OAS) pension is calculated to start at age 65.

For your retirement, you will have saved

with a goal of / year

Personal retirement savings

Public pension plans

Goal

The retirement income estimate is provided for information purposes only and in no way constitutes a guarantee. The results displayed are calculated based on the information provided and the assumptions made by iA Financial group (Industrial Alliance).

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