Retirement Calculator
Estimate your retirement nest egg, savings gap, withdrawal power, and long-term readiness.
Estimated value at retirement after savings, contributions, and investment growth.
Compared against a 25x annual spending target.
Use this with TFSA, RRSP, pension, CPP/OAS, and non-registered investment planning. This is a projection, not tax advice.
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Explore Command →What Is a Retirement Calculator?
A retirement calculator estimates whether your current savings and future contributions may be enough to support your desired retirement lifestyle.
It combines age, savings, monthly contributions, return assumptions, inflation, and spending goals into a planning snapshot.
How Retirement Planning Works
Retirement planning is about building enough assets to replace income, cover living expenses, and protect against inflation, taxes, market volatility, and longevity risk.
Current savings
Money already invested for retirement.
Monthly contribution
How much you keep adding before retirement.
Expected return
Your assumed annual investment growth.
Spending goal
Your desired annual retirement lifestyle cost.
How to Estimate Your Retirement Number
A common starting point is the 25x rule: multiply desired annual retirement spending by 25. This is a rough planning shortcut, not a guarantee.
Pair this with the financial freedom guide, FIRE calculator, investment calculator, and financial freedom roadmap.
Common Retirement Planning Mistakes
- Starting too late and relying on large future contributions.
- Ignoring inflation and rising living costs.
- Using return assumptions that are too optimistic.
- Forgetting taxes, healthcare, housing, and emergency costs.
- Assuming retirement projections are guarantees.
Retirement Calculator FAQ
What is a retirement calculator?
A retirement calculator estimates whether your current savings, monthly contributions, expected return, retirement age, and spending goals may be enough to support retirement.
How much money do I need to retire?
A common starting point is estimating 25 times your desired annual retirement spending, but the real number depends on lifestyle, taxes, pensions, benefits, inflation, returns, and withdrawal strategy.
What return should I use?
Use conservative assumptions and test multiple scenarios such as 4%, 5%, 6%, and 7% instead of relying on one optimistic number.
Does inflation matter for retirement?
Yes. Inflation raises future spending needs, which can increase the nest egg required to support the same lifestyle.
Disclaimer
This content is educational only and is not personalized financial, investment, tax, legal, or credit advice. Projections assume a constant rate of return, which no real market delivers. Past performance does not indicate future results. Consider consulting a qualified professional licensed in your jurisdiction before acting on anything you read here.
Read our editorial standards for how this content is sourced and corrected, or the full financial disclaimer.
Last reviewed: 2026-08-09
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