Retirement Paycheque Planner

Find out which account to draw from first. Free, about two minutes.

Your numbers

Rough balances are fine. This takes about two minutes and nothing is saved unless you ask for the breakdown at the end.

60
4590
Retirement

Age 62

What you have saved

Registered, taxable on withdrawal

$

Tax free coming out

$

Cash, investment accounts

$
Workplace pension

A defined-benefit pension changes the answer more than anything else on this page, so it is worth getting right.

When do you plan to start CPP?

No problem — we will model the standard age of 65.

What you actually want landing in your account each month.

$6,500
$500$15,000

Assumptions & simplifications

  • Everything is in today's dollars. Balances grow at a 3% real return, so nothing here is inflated by decades of inflation. The OAS recovery-tax threshold is indexed too, which is why comparing in real terms is the honest way to do it.
  • CPP is assumed at 75% of the age-65 maximum, adjusted 0.6% a month for starting early and 0.7% a month for starting late. If you have a Service Canada estimate, yours will differ.
  • OAS is assumed at the full amount from 65, including the step-up at 75.
  • A pension marked 'not indexed' loses 2% of its buying power a year. An indexed one holds its value.
  • Non-registered money is assumed to throw off taxable income equal to 2% of its balance, all treated as ordinary income. No dividend tax credit, no capital-gains inclusion rate.
  • TFSA withdrawals are tax free. RRIF minimum withdrawals are compulsory from 72 whatever the order says.
  • One taxpayer. No spouse, no pension income splitting, no survivor modelling.
  • Tax is the combined federal and Ontario rate table for 2026. The OAS recovery tax is modelled from $93,454 of net income.

Retirement Paycheque Planner is an educational estimate, not financial advice. Every figure on this page could change with investment performance, tax rule changes, government benefit changes, and your own circumstances. A real drawdown plan requires a full projection built on your actual accounts and pension documents. For that, book a fit call with Marc.

Why the order matters

Most people retire with three pots of money and no idea which one to spend first. The order is not a detail — it decides how much tax you pay, whether your OAS survives the recovery tax, and how big a bill your estate faces on the final return. This tool puts you in one of five withdrawal-order profiles based on your balances, your pension, when you plan to start CPP, and what you actually want to spend. It tells you which account to draw from first, and flags the one number in your situation most likely to cost you — the mandatory RRIF minimum at 72, the OAS clawback line, or the tax waiting on registered money you never spent. Answers in about two minutes.

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Want the Order Run on Your Real Numbers?

This page works off rough balances and a handful of assumptions. A real drawdown plan works off your actual accounts, your pension documents, and a full year-by-year projection. Book a fit call and we will look at yours.

Book a Fit Call
Or call Marc at 519-281-2735 or text 226-242-3640.