Your retirement income can come from a variety of different sources, including your Registered Retirement Savings Plan (RRSP). Knowing how much income you can expect to have from your RRSP can help you plan for your retirement years.
To use this calculator, it will help to know the following:
- The current value of your RRSP account (pre-retirement)
- How much you contribute to your RRSP, and how frequently (pre-retirement)
- The annual rate of return in your RRSP (pre-retirement)
- The number of years left before your retirement