Retirement Savings and
Income Calculator
Submitted Background Information
Present
RRSP Value
RRSP
Rate of Return
Post-Retirement
Rate of Return
Years until
retirement
Years of
Retirement
Inflation
Rate
Inflate
Deposits
Inflate
Income
$
%
%
%

RRSP Deposit Amount
$
Retirement Income Needs
$

Results
Future value of your RRSP Total retirement needs
Future value of current registered assets
$
Total value of RRSP at retirement
$
income required in future dollars
$
Total savings necessary at retirement
$

Will your RRSP cover your retirement needs?

Schedule of Contributions
Year
Your
Contribution
Your
Total
Required
Contribution
Required
Total

Schedule of Income Withdrawals
Year
Your
Withdrawal
Remaining
RRSP
Illustrative
RRSP

 

The following pair of graphs illustrate the outcome of your present RRSP savings plan (in blue) as well as necessary amount to attain your retirement goal (in red).

 

 


Caution: Information provided has been obtained from sources believed to be reliable, but we cannot guarantee their accuracy or completeness. This information is not intended to provide legal, accounting or tax advice and should not be relied upon in that regard.