Assumptions: 3.5% real (after-inflation) annual return before and after retirement, 4% initial withdrawal rate, today's dollars throughout, income shown before tax. Simplified for education — your tax rates, pension terms and market returns will differ. Not financial, tax or legal advice.
The calculator projects current savings plus monthly contributions to retirement age using a 3.5% real (after-inflation) annual return, converts the projected nest egg into sustainable monthly income using a 4% withdrawal rate, adds estimated government benefits (CPP and OAS), and compares the total to the target monthly spending. It is a simplified educational estimate, not financial advice.
Amounts vary by contribution history and start age. Many Canadian retirees receive a combined CPP + OAS in the range of roughly $1,200–$2,000 per month per person starting at 65. Check your exact CPP estimate in your My Service Canada Account.