Glacier FinancialThis calculator helps you estimate your retirement readiness based on your current savings, expected CPP and OAS income, and your target retirement age. It factors in Ontario-specific tax brackets and common income sources for Canadians. While no online calculator can replace a personalized financial plan, this tool gives you a starting point to understand where you stand.
You can safely spend
$76,854/yr after tax
You told us you want $75,000 a year. This plan clears that by $1,854 a year — a 102% funded ratio.
Funded ratio — sustainable income divided by the income you want.
Nest egg at 65
$1,237,532
today's dollars
CPP + OAS at 65
$22,485
CPP $13,569 + OAS $8,917
Annual surplus
+$1,854
after tax, every year
Move any slider and the result above updates instantly. Nothing is sent anywhere.
Across every account, including employer match
After tax, in today's dollars
60 cuts CPP 36%. 70 raises it 42%.
The average Canadian gets about 53%
Canadian averages: ~84 men, ~87 women
This is a REAL return. A 3% real return is roughly a 5% nominal return with 2% inflation.
Years to retirement
13
Age 52 to 65
Nest egg you'll have
$1,237,532
Today's dollars
Nest egg you need
$1,188,876
To fund $75,000/yr to age 90
Cushion
$48,656
Above what the plan needs
The headline number tells you whether you are funded. The year-by-year table tells you why — which account each dollar comes from, what tax you pay, and the years where your marginal rate spikes.
See every year from retirement to age 90 — which account funds each dollar, the tax you pay, where your marginal rate spikes, and exactly what it takes to close the gap. Marc will follow up with a personal read on your numbers.
three of the 57 Checks
Drawing down your RRSP/RRIF in the low-tax years
pulling registered money out while it is cheap, before it is forced out later when it is not.
Managing the withdrawals the government forces later
so mandatory minimums in your 80s do not push you into a higher-tax zone.
Holding each investment where it is taxed least
the same investments, less tax, just by where they sit.
most of your nest egg is pre-tax. the CRA owns a slice of every dollar. i would look at melting it down in the cheap years and at what sits in which account.
you have built something worth planning around.
at your stage the big wins are in how the money comes out: the order you draw it down, when CPP and OAS start, and how much tax your family keeps. on a free fit call Marc goes through your numbers with you and tells you honestly if he can help.
those are three of the 57 Checks. the other 54 are what the plan runs.
This is an educational tool, not financial advice. Real plans depend on investment performance, tax rule changes, government benefit changes, and your own circumstances. For a personalized plan, book a fit call with Marc.
Disclaimer: This calculator provides estimates only and does not constitute financial advice. Actual results will vary based on investment performance, tax rates, government benefit changes, and personal circumstances. For a personalized retirement projection, book a fit call.
Calculate how much you need to retire comfortably in London, Ontario. Covers cost of living, CPP, OAS, RRSP/TFSA strategies, and year-by-year projections.
Ontario couples face unique retirement planning decisions. This step-by-step guide covers income splitting, CPP sharing, spousal RRSPs, and tax-efficient withdrawals.
Should you take CPP at 60, 65, or 70? We run the Ontario-specific math including tax brackets, OAS clawbacks, and break-even analysis to find your best option.
This calculator gives you a starting point. A comprehensive financial plan gives you the full picture — year by year, account by account.
Not ready to book? Take the 2-minute retirement quiz →
Or call me at 519-281-2735 or text 226-242-3640.