In-Hand™ Canada Retirement Planner
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Plan Your Retirement Journey

Project your RRSP, TFSA and investment account to your retirement date, estimate the income they'd support at a safe withdrawal rate, and stress-test the plan against market randomness with a Monte Carlo simulation.

Canada Retirement Calculator: How Long Will My Money Last in Retirement?

This calculator projects your RRSP, TFSA and investment account to your retirement date, then answers the question that actually matters: how long the money lasts once you stop earning. It runs 500 Monte Carlo simulations rather than a single straight-line projection, so you get the odds your savings outlive you instead of one falsely precise number.

What makes this different

Frequently asked questions

How long will my money last in retirement?

At a 4% withdrawal rate, a portfolio is designed to last roughly 30 years — that's where the number comes from. But the honest answer is a probability, not a duration: it depends on what you're invested in, what returns actually arrive and in what order, and how fast inflation raises your spending. This calculator reports it as the percentage of 500 simulated market histories in which your money survives to your life expectancy.

Can I retire at 60 with CA$400,000?

CA$400,000 supports about CA$1,333/month at a 4% withdrawal rate before CPP and OAS. Retiring at 60 means funding roughly 27 years, which is a long time for that sum to stretch on its own — but CPP can start as early as 60 at a reduced rate, or be deferred to 70 for up to 42% more, and OAS starts at 65, both changing the picture substantially.

Who has the most accurate retirement calculator?

No calculator predicts the future, so "accurate" really means honest about uncertainty. Tools that return one number are the least honest, because they hide the range of outcomes. Prefer ones that show a distribution — a probability of success and a spread between good and bad markets — and that let you see and change every assumption behind the answer.

How much do I need to retire?

A common rule of thumb is 25× your annual spending, which is the 4% rule stated backwards. If you spend CA$40,000 a year, that's CA$1 million. Spending is the input that matters most — it sets both the target and the withdrawal — which is why this planner asks for your expenses in the FIRE section rather than assuming a percentage of salary.

Does this include CPP and OAS?

Not yet. Every figure here comes from your own RRSP, TFSA and investment account savings, so treat the results as conservative — CPP (from age 60, standard 65, deferrable to 70 for up to 42% more) and OAS (from 65) are separate inflation-indexed income floors on top, and for most households they cover a meaningful share of retirement spending. Check your estimated amounts at canada.ca.

What return and inflation assumptions does it use?

Returns come from your allocation: Canadian stocks 7.5%, global stocks 9%, bonds 4% and cash 3% nominal, with volatility of 17%, 19%, 6% and 1% respectively. Inflation defaults to 2% and the withdrawal rate to 4%. All of them are editable — these are long-run averages, not forecasts, and your results should be read as a range rather than a prediction.

Estimates only, not tax, investment or retirement advice. Results depend entirely on assumptions that will not match the future exactly. Consult a licensed financial advisor before acting.