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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 plus reference tables for four LIF jurisdictions: a retirement readiness calculator that projects whether your savings support the income you want, and a RRIF and LIF calculator that shows year-by-year minimum and maximum withdrawals under Ontario, Alberta, British Columbia and federal rules. 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 the LIF maximum under each jurisdiction's own rules — including tax withheld at source, 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.

Check my readiness → 4 jurisdictions

RRIF & LIF payment calculator

Year-by-year minimum and maximum withdrawals for a RRIF or a LIF under Ontario, Alberta, British Columbia or federal rules — with tax withheld at source, the younger-spouse election, 50% unlocking, first-year proration, a sequence-of-returns stress test and a CSV export.

Open the calculator → 12 CRA forms

RRSP & pension transfer forms finder

Moving an RRSP, RRIF, TFSA, FHSA or a pension? Pick where the money is coming from and going to, and get the exact CRA form — T2033, T2151, RC720 and the rest — with what it does, how it's completed and the pitfalls that cost people money.

Find my form →

LIF withdrawal rules by jurisdiction

Locked-in pension money follows the rules of the jurisdiction that regulated the original plan — not the province you live in now. Each page carries the full age-by-age maximum table, recomputed from the governing formula and checked against the regulator's published figures.

Ontario LIF maximum withdrawal

7.3799% at age 65. Rate floored at 6%, so the table has been frozen since 2021. 50% unlocking out of the LIF within 60 days.

See the Ontario table →

Alberta LIF maximum withdrawal

Same percentages as Ontario, but a LIF from age 50, no first-year proration, and unlocking that happens before the LIF exists.

See the Alberta table →

BC LIF maximum withdrawal

Same percentages again — but British Columbia has no one-time 50% unlocking of any kind, contrary to a lot of published advice.

See the BC table →

Federal LIF & RLIF maximum

6.0272% at age 65 — materially tighter, because the federal rate has no 6% floor. Reissued by OSFI every January.

See the federal table →

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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