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Retirement cash flow calculator
Use this calculator to plan your cash flow in retirement. You can estimate how long your money will last, and the impact of changes in external factors (investment return, inflation) and personal choices (lifestyle decisions, spending) on your cash flow.
Planning
Budgeting
Investments
Events
Results

Retirement planning

Planning for retirement is about knowing when you intend to leave the workforce, how much money you expect to have and how much you will need.

You have one or more events defined in the Events Tab. Please go to the Events Tab and remove these events before adjusting this value
Your age at retirement:
years
Year you retired or plan to retire:
Next

Income during retirement

Figure out how much money (if any) you will receive from your company pension, government benefits such as CPP and OAS, and other income on a yearly basis.

Canada Pension Plan (CPP): $
The Canada Pension Plan (CPP) retirement benefit provides a monthly taxable payment to retired contributors. The default value for CPP is based on the average monthly benefit paid in October 2012, as reported by Service Canada. Include what you expect to receive annually from CPP. To estimate what you will get, visit Canada Pension Plan — Payment Amounts.
yearly
Old Age Security (OAS): $
The Old Age Security (OAS) program provides a pension at age 65 if you have lived in Canada for at least 10 years. The default value for OAS is based on the average monthly benefit paid in October 2012, as reported by Service Canada. Include what you expect to receive annually from OAS. To estimate what you will get, visit
Old Age Security Payment
Amounts
.
yearly
Private (company) pension: $
You may receive a Registered Pension Plan (RPP) from your employer or another organization. Include the monthly amount you expect. Companies usually send pension updates each year; check with your company's human resources group if you need the latest update.
yearly
Other benefits and/or income: $
This category covers any regular benefit or retirement income that
is not captured. You may receive the Guaranteed Income Supplement (GIS) and/or Survivor Benefits. You may get payments from part-time work, rental income, or inheritance. Include the total yearly amount you expect.
yearly
Total income during retirement: $

Expenses during retirement

Estimate how much you will spend yearly during retirement. Use the Retirement budget worksheet to estimate your expenses in greater detail.

Housing: $ yearly Utilities: $ yearly
Car: $ yearly Personal insurance: $ yearly
Financial: $ yearly Tax: $ yearly
Other expenses: $ yearly  
Total expenses during retirement: $

$. If you would like to withdraw an amount from your investments annually, please enter your estimated annual withdrawal below.

Estimated investment withdrawal: $ yearly  
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Investments

Investments are a key source of retirement income. Your investments can be used to supplement your income from other sources (e.g., company pensions, government benefits, real estate, etc.) in retirement.
Enter the amount you currently have in each account.

RRSP(s) and/or RRIF(s): $
You may have an RRSP and/or RRIF, another kind of registered retirement savings fund (e.g., Locked-in RRSP, LRIF, etc.), or a mixture. Include the total amount for all registered retirement savings at retirement. Money taken out of these accounts is taxed when withdrawn. Remember to account for the tax in your annual budget calculations.
total to date
TFSA(s): $
Include the total amount you expect to have in all Tax Free Savings Account(s) (TFSA) at retirement. Funds in a TFSA are not taxed when withdrawn.
total to date
Non-registered investments: $
A non-registered investment is not held in an account that shields it from taxes. Include in your total all non-registered investments (e.g., GICs, mutual funds, stock, etc.)
total to date

The total value of all your investments to date is $. If your retirement date is in the future, estimate how much these investments will be worth at retirement.

Use the Compound interest calculator to project how much your money will grow using an estimated annual rate of return and regular contributions.

Use the RRSP savings calculator to see how your registered investments will grow over time.

Estimated investment value at retirement: $    

Estimated average
rate of inflation:
Inflation is also a factor that impacts the value of your retirement nest egg. As prices for goods and services rise over time, the same money today is worth less tomorrow. Ideally, your investment earnings will offset inflation. To estimate the average rate of inflation, use the Bank of Canada Inflation Calculator and review the historical Consumer Price Index from Statistics Canada to see average inflation numbers over time.
%
0.00 15.00
Estimated average expected rate of return:
How your investments perform over time will impact the value of your retirement nest egg. Investments that offer higher potential returns come with a greater chance of losing money. Lower risk investments that protect your money come with lower expected returns. You will likely choose a combination of investments with different risks and returns — the combined earnings of those investments over time is your average return.
%
0.00 15.00
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One-time financial events

Besides regular, ongoing sources of income and expenses, you may face specific events that add to your money (selling your house) or that use it (buying a condo). In each row, list a major one-time financial event, the amount of money involved, the impact on your investment value, and when you think it will happen.

Year Description Type Amount
   $


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Results

Based on a your initial investment value of , an average annual return of and inflation, your planned annual withdrawals of will deplete your investments within year(s) of retirement, in .
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Age you will run out of money:
Based on your initial investment value of , an average annual return of and inflation, your annual withdrawals of will not deplete your investments in retirement.
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Age:

Value of investments:

Any results or calculations displayed on this site are made available for information purposes only, and do not constitute financial or legal advice. By using this calculator, you agree to the Investor Education Fund Website and Social Media Terms of Use and Privacy Policy.

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