Retirement Calculator Canada 2025

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See how it works

See if your savings are on track to retire comfortably in Canada — including CPP, OAS, and your personal savings projections.

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Canadian Retirement Calculator

Current Age

Target Retirement Age

Current Savings ($)

Annual Contributions ($)

Current Annual Income ($)

Expected Return (% per year)

Expected CPP at 65 ($/month)

Expected OAS at 65 ($/month)

Desired Annual Retirement Spending ($)

How This Calculator Works

This calculator projects your retirement savings to your target retirement age using compound growth, then calculates how much annual income your portfolio can sustainably provide using the 4% safe withdrawal rate. It layers in your estimated CPP and OAS to show total retirement income versus your target spending.

Understanding the Results

Projected savings: Your current savings + ongoing contributions, compounded at your chosen return rate until retirement
Portfolio income: 4% of projected savings — the annually sustainable withdrawal per the standard safe withdrawal research
Government income: CPP + OAS monthly amounts, annualized
Total income vs. target: The key number — is your projected income equal to or greater than your desired spending?

Key Assumptions and Limitations

This calculator uses simplified assumptions. Real retirement planning should account for:

Inflation (this calculator uses nominal returns; reduce by 2–3% for real returns)
Variable return sequences (sequence of returns risk)
Tax on RRIF and pension income
Healthcare cost escalation
Longevity beyond age 95

Use this as a starting point, not a final plan. A fee-only financial planner can build a comprehensive retirement projection tailored to your specific situation.

Average Canadian Retirement Numbers (2025)

Metric	Average / Typical
Retirement savings at retirement	~$184,000
Average CPP at 65	~$830/month
OAS at 65	~$727/month
Average retirement age	~64 years
Life expectancy at 65 (male)	~85 years
Life expectancy at 65 (female)	~88 years

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