Canadian Retirement Planner

Canadian retirement calculator: will your money last?

Enter your savings across your RRSP, TFSA, FHSA and non-registered accounts. The calculator adds CPP, OAS and any workplace pension, then replays your plan through every stretch of market history since 1871 — crashes, booms and high inflation included — to see how often your money would have lasted.

About you
Your accounts

RRSP / RRIF / LIRA

TFSA

FHSA first home savings

Contributions stop at the $40,000 lifetime limit. Max $8,000 a year.

Non-registered taxable investing

Your cost (book value). Only the gain on top of it counts as income when you sell.

Include any employer match. Contributions stop when you retire.

Retirement withdrawals

Your savings top up CPP, OAS and pension to reach this amount every year.

Use 0 if you don't have a defined-benefit pension. Paid from your retirement age.

Government benefits

The average new retiree gets about 60%. Your exact estimate is in My Service Canada Account.

Investment returns

Your plan is replayed starting in every year from 1871 to 2022, using actual stock, bond and inflation results.

✅ Success Rate
Simulations that sustained withdrawals for the entire retirement.
Savings at retirement
CPP per year
OAS per year
Spending you can afford

Your savings over time

Savings left at the end

Hover chart for details. Click and drag to select a range.

Where your retirement income comes from

Each year's spending, by source. Red means a shortfall: money you'd need but wouldn't have.

Year-by-year table

How this works

  • Market history. Like FI Calc, this uses Robert Shiller's dataset: U.S. stocks (S&P 500 with dividends), 10-year U.S. government bonds and U.S. inflation, one figure per year from 1871 to 2022. Your plan is run once for every start year. When a run reaches past 2022, it loops back to 1871, so every start year gets a full lifetime. These are U.S. market results; Canadian stocks have had a broadly similar long-run return with their own ups and downs.
  • Today's dollars. Everything is shown after inflation, so $45,000 means what $45,000 buys today. CPP, OAS and the OAS clawback threshold all rise with inflation, so they stay steady in these terms.
  • CPP: 2026 maximum at 65 is $1,507.65/month. It drops 0.6% for each month you start before 65 and rises 0.7% for each month after, up to 70.
  • OAS: maximum is $762.50/month at 65–74 and $838.75 at 75+ (October–December 2026). It rises 0.6% for each month you delay, up to 36% at 70. With fewer than 40 years in Canada after 18, you get a share (for example 20 years = half).
  • OAS clawback: if your taxable income tops $95,323 (2026 threshold), 15% of the excess is taken back from OAS. RRSP withdrawals, CPP, OAS, pensions and half of non-registered capital gains count. TFSA withdrawals don't.
  • FHSA: $8,000 a year, $40,000 lifetime. If you buy a first home, the money leaves your retirement savings at that age. If not, it moves into your RRSP tax-free.
  • Withdrawal strategies. Spending target: savings top up your benefits to a set total income. 4% rule (constant dollar, from William Bengen's research): take a % of savings in year one, then that same inflation-adjusted amount every year. Fixed amount: a set dollar amount from savings every year. VPW (Bogleheads variable percentage withdrawal): take a rising % of your current balance each year, aiming to spend it all by 100, assuming stocks beat inflation by 5% and bonds by 1.9%, capped at 10%. A plan "fails" when savings can't cover the planned withdrawal; VPW never fails this way, but its income rises and falls with the market. With a spending target, extra is withdrawn to cover any OAS clawback; with the other strategies the clawback lowers that year's income.
  • Withdrawal order: non-registered first, then RRSP, then TFSA last, since TFSA money is tax-free and doesn't count toward the clawback.
  • Not included: income tax (enter spending before tax), yearly tax on non-registered dividends and interest, the Guaranteed Income Supplement, RRIF minimum withdrawals, pension income splitting with a spouse, and selling a home.

CPP and OAS figures from Canada.ca, checked November 2026. This is an educational estimate, not financial advice.

How to use this retirement calculator

  1. Enter your accounts. Add what you have today in your RRSP (including RRIFs and LIRAs), TFSA, FHSA and non-registered investments, and how much you add each year.
  2. Set your retirement spending. Enter what you want to spend each year before tax, in today's dollars, or pick a withdrawal strategy such as the 4% rule or VPW.
  3. Choose when to start CPP and OAS. Starting later raises both for life. Use your CPP estimate from My Service Canada Account for the best result.
  4. Read your success rate. The calculator runs your plan once for every starting year from 1871 to 2022 and shows how often your money lasted, the spending that worked 95% of the time, and the years where it didn't.

Canadian retirement questions

How much CPP will I get in 2026?

The maximum Canada Pension Plan retirement pension at age 65 is $1,507.65 a month in 2026, but most people get less: the average for new beneficiaries is about $925 a month. Starting before 65 cuts your pension by 0.6% for each month early (36% at 60); waiting past 65 raises it by 0.7% a month (42% at 70). Your personal estimate is in My Service Canada Account.

How much is Old Age Security (OAS)?

For October to December 2026, the maximum OAS pension is $762.50 a month at ages 65 to 74 and $838.75 at 75 and over. A full pension needs 40 years living in Canada after age 18; with 10 to 39 years you get a share. Delaying OAS past 65 adds 0.6% a month, up to 36% more at 70.

What is the OAS clawback?

The OAS recovery tax takes back 15% of your net income above a threshold, which is $95,323 for 2026 income. RRSP and RRIF withdrawals, CPP, OAS, pensions and taxable investment income all count. TFSA withdrawals do not, which is why the calculator draws from your TFSA last.

Does the 4% rule work for Canadians?

The 4% rule comes from William Bengen's research on U.S. market history: take 4% of your savings in the first year of retirement, then the same amount adjusted for inflation each year. Whether it holds depends on how long your retirement lasts, your stock and bond mix, fees, and CPP and OAS. Choose the 4% rule strategy in this calculator to see how often it would have worked for your plan in every period since 1871.

What is variable percentage withdrawal (VPW)?

VPW is a method from the Bogleheads community: each year you withdraw a set percentage of whatever your savings are worth, and the percentage rises with age so the money is spent by 100. Your savings never run out early, but your income rises and falls with the markets. The calculator shows your leanest year of income under VPW.

What happens to my FHSA if I don't buy a home?

A First Home Savings Account allows $8,000 of contributions a year, up to $40,000 over your lifetime. If you don't use it for a first home, you can transfer it to your RRSP tax-free without using RRSP contribution room. The account must be closed within 15 years of opening or by age 71.

How much do I need to retire in Canada?

It depends on how much you plan to spend, when you retire, and how much CPP, OAS and any workplace pension will cover. Enter your numbers above: the calculator shows the yearly spending that would have lasted in 95% of historical periods, and how much more you would need to save to reach it.

How is this different from other retirement calculators?

Most calculators assume the same return every year. This one replays your plan through actual stock, bond and inflation results for every starting year from 1871 to 2022, including the Great Depression, the 1970s and 2008, so you see how often your plan would have worked rather than a single guess. It also handles Canadian rules such as CPP and OAS timing, the OAS clawback, the TFSA and the FHSA.

Is my information private?

Yes. All calculations run in your browser and nothing you type is sent to a server or stored. If you copy a link to your plan, your inputs are saved in that link, so only share it with people you choose.