Retirement Planning Calculator

Our Retirement Planner Calculator can help estimate the amount of savings that you may want for retirement. By flagging any shortfalls or surpluses, the calculator outlines the savings you may need to reach your financial goals for retirement.

Please consult one of our to review your investment objectives and make recommendations that fit your individual needs.

Amounts projected by the calculator are based on the information you enter and a variety of assumptions. Along with other assumptions, the calculator assumes:

1. All savings calculations are based upon contributions to, and savings within, an RRSP or TFSA.
2. Non-registered savings (and any applicable taxes on such savings) are not included in this calculator.
3. Any RRSP contribution amount you enter is within your RRSP contribution limit.
4. The calculator estimates gross retirement income before taxes. Income taxes can significantly lower your annual net income in retirement.
5. Contributions to savings are made at year end.
6. Old Age Security (OAS) clawback is not considered.

You should not act or rely on the above calculations. Please consult one of our to review your investment objectives and make recommendations that fit your individual needs, which may vary greatly from the above calculations.

Vancity does not make any express or implied warranties or representations with respect to any information or results in connection with this calculator. Vancity will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.

This calculator is made available to you as a tool for independent use and is not intended to provide investment or financial advice. We cannot and do not guarantee its applicability or accuracy. All examples are hypothetical and are for illustrative purposes only.