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Enter Your Financial Details
Tell us about your current age, retirement savings (RRSP, TFSA, non-registered accounts), expected employer pension, and when you plan to start collecting CPP and OAS benefits. Takes about 3 minutes.
🇨🇦 Retirement Planning,
Made Simple
Free calculators and tools to help you understand CPP, OAS, and your retirement savings. Get answers in minutes, not years.
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"Will I have enough?"
See if your current savings, CPP, OAS, and pensions will cover your retirement lifestyle. Best for those within 10 years of retirement.
⏱️ ~3 min🔒 No signup
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"How much do I need?"
Calculate your retirement savings target and see how much you need to save each month to reach it. Best for those 10+ years from retirement.
⏱️ ~3 min🔒 No signup
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More tools available & coming soon
$1,508
Max CPP at 65 (2026)
$742
Max OAS at 65 (2026)
42%
CPP increase at 70 vs 65
36%
CPP reduction at 60 vs 65
How Our Canadian Retirement Calculator Works
Get a complete picture of your retirement income in Canada. Our free calculator combines your CPP benefits, OAS pension, employer pensions, RRSP, TFSA, and other savings to show you exactly where you stand.
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We Calculate Your Retirement Income
Our calculator uses current Canadian government benefit formulas to estimate your CPP pension, OAS payments, and combines them with your personal savings to project your total monthly retirement income.
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See If You're on Track
Get a clear answer to whether your savings will last through retirement. Explore "what-if" scenarios like delaying CPP to age 70, adjusting your spending, or working a few more years.
What's Included in Your Retirement Income Projection
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Canada Pension Plan (CPP/QPP)
Estimates based on your work history and when you choose to start benefits (age 60-70). Includes early/late adjustment factors.
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Old Age Security (OAS)
Your OAS pension starting at 65-70, including the Guaranteed Income Supplement (GIS) if applicable and OAS clawback calculations.
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Employer Pensions
Defined benefit (DB) or defined contribution (DC) workplace pensions, including bridge benefits and survivor options.
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RRSP & RRIF Withdrawals
Tax-efficient withdrawal strategies from your Registered Retirement Savings Plan, converting to RRIF income at retirement.
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TFSA (Tax-Free Savings)
Tax-free withdrawals from your TFSA that don't affect your OAS or GIS eligibility—a powerful retirement planning tool.
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Canadian Tax Estimates
Federal and provincial income tax calculations, including age credit, pension income splitting, and dividend tax credits.
Common Questions About Retirement Planning in Canada
How much money do I need to retire in Canada?
The amount you need depends on your desired lifestyle, location, and other income sources. A common guideline is to replace 70-80% of your pre-retirement income. For most Canadians, this means combining CPP (up to $1,508/month in 2026), OAS (up to $742/month), and personal savings. Our calculator helps you find your specific number based on your situation.
When should I start taking CPP benefits?
You can start CPP as early as age 60 or as late as 70. Starting early means smaller monthly payments (reduced by 0.6% for each month before 65), while delaying increases your benefit (by 0.7% for each month after 65). By age 70, you'd receive 42% more than at 65. The best choice depends on your health, other income, and financial needs.
What is the OAS clawback and how do I avoid it?
If your net income exceeds approximately $91,000 (2026), you'll have to repay part of your OAS benefits—this is called the OAS recovery tax or "clawback." At around $148,500, you lose the entire OAS. Strategies to minimize clawback include income splitting with a spouse, using TFSA withdrawals (which don't count as income), and timing RRSP/RRIF withdrawals carefully.
Should I withdraw from my RRSP or TFSA first in retirement?
Generally, it's often beneficial to draw down RRSP/RRIF funds first in lower-income years (before CPP and OAS start) to keep your tax rate low. TFSA withdrawals are tax-free and don't affect government benefits, making them ideal for later years or when you need to avoid OAS clawback. The optimal strategy depends on your specific tax situation.
Calculate Your Retirement Income→
Free • No signup required • Takes 3 minutes
Why we built this
Retirement planning in Canada shouldn't require a financial advisor just to understand the basics. We built these free tools to help everyday Canadians get clear answers about CPP, OAS, and how their savings will support them in retirement.
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Canadian-focused
Built specifically for CPP, OAS, and provincial tax rules
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Private
Your data stays in your browser. We don't store anything.
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Educational
Explanations included so you understand the numbers
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Disclaimer: These calculators provide estimates for educational purposes only and do not constitute financial advice. Results are based on current rules and simplified assumptions. Consult a qualified financial advisor for personalized planning.