Retirement savings gap calculator
Are you saving enough to retire on your terms? Enter your balances, contributions and goals to find out, and see exactly what it takes to close any gap.
Your timeline
Current balances
Contributions & growth
Retirement goals
Annual spending and government benefits at retirement
Projected at retirement
$1,445,127
Age 65 · in today's dollars
Target portfolio needed
$1,366,507
3.75% SWR · net of CPP/OAS
Surplus
$78,620
You're ahead of target
Portfolio growth to retirement
Projected value vs. target needed, age 40–65
You're on track
At your current savings rate you'll have $1,445,127 by age 65 — $78,620 more than your target.
Your CPP and OAS ($18,756/yr) cover 27% of your spending goal, which substantially reduces the portfolio draw.
All amounts are in today's dollars, so you can compare them with what you spend now. Your savings grow at 6.0% a year less 2.5% inflation (about 3.4% after inflation), and your monthly savings are assumed to rise with inflation. The target uses a 3.75% safe withdrawal rate. A full plan adds market ups and downs and Canadian tax rules.
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