Free retirement calculators

Straight answers before you talk to anyone. Both tools are free, need no signup, and run entirely in your browser — nothing you type is sent to us.

RetireWisely publishes two free Canadian retirement calculators: a retirement readiness calculator that projects whether your savings support the income you want, and a RRIF and Ontario LIF calculator that shows year-by-year minimum and maximum withdrawals. The readiness calculator converts current savings and contributions into projected monthly retirement income, adds CPP, OAS and pension income, and reports any monthly shortfall. The RRIF/LIF calculator applies the federal minimum-withdrawal factors from section 7308 of the Income Tax Regulations and, for Ontario LIFs, the maximum under Schedule 1.1 of Regulation 909 — including the younger-spouse election, 50% unlocking and first-year proration. Both are educational tools, not financial advice.

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Retirement readiness calculator

Are you on track? Project your savings to your retirement date, convert them into sustainable monthly income, add CPP and OAS, and see the size of any gap.

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RRIF & Ontario LIF payment calculator

Year-by-year minimum and maximum withdrawals, with the younger-spouse election, 50% unlocking, first-year proration and a CSV export. Built on the current FSRA and Income Tax Regulation figures.

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Numbers are the easy part.

What to withdraw, in what order, and when — that's where advice pays. Meet one vetted advisor in your province, free.

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