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Wealth Wizard Canada
Canadian Retirement Tool

Retirement Savings Calculator (Canada)

A Canadian-focused retirement calculator that lets you model RRSP, TFSA, and other savings in CAD, add your own CPP and OAS estimates, and see a simple retirement income projection using a 4% rule withdrawal rate.

Enter your details

Used for context in the summary. Tax rules vary by province.
Many Canadians retire between ages 60 and 70.
For example, age 65 to 90 is 25 years.
Current savings (CAD)
Non-registered investments, cash, or other long-term savings.
Monthly contributions (CAD)
Investment & inflation assumptions
For example, 5–7% for a balanced long-term portfolio.
We use this to express values in today’s dollars.
CPP and OAS (optional, today's dollars)
Enter your own estimate based on your CPP statements.
OAS is based on residency in Canada. Adjust as needed.

Your Canadian retirement snapshot

Province or territory
Years until retirement
Future RRSP value (before tax)
Future TFSA value (tax-free growth)
Other savings at retirement
Total contributions (all accounts)
Total retirement savings at retirement (future dollars)
Total retirement savings in today's dollars
Total investment growth (all accounts)
Approx. yearly income from savings (4% rule, today's dollars)
CPP + OAS monthly estimate (today's dollars)

This projection combines your RRSP, TFSA, and other savings, then applies a simple 4% withdrawal rate to estimate potential yearly income from investments in retirement (before tax). CPP and OAS estimates are added on top as monthly income, based on the amounts you entered.

Enter your Canadian retirement details on the left — including RRSP, TFSA, and optional CPP/OAS estimates — then select Calculate Canadian retirement projection to see a summary of your savings at retirement and a rough income estimate using a 4% withdrawal rate.

How this Canadian retirement calculator works

The Wealth Wizard Canada retirement calculator is built specifically for Canadians. It lets you track RRSP, TFSA, and other investment accounts separately, while still providing a combined projection of your future retirement savings in Canadian dollars. You can optionally enter your own CPP and OAS estimates from Service Canada to see how government benefits might fit into your plan.

Behind the scenes, the calculator uses compound growth formulas to estimate how your balances could grow over time, based on your expected annual rate of return and monthly contributions. It then applies an inflation adjustment so you can view results in today's dollars and uses a simple 4% withdrawal rule to estimate how much yearly income your savings might support in retirement, before tax. Because investment returns, inflation, tax rules, and government benefits can all change, this tool is meant for education and rough planning only. For detailed advice, speak with a qualified financial planner or advisor in your province or territory.