Build Your Plan
Enter your age, savings (RRSP, TFSA, non-registered), employer pension, and when you plan to start CPP and OAS. Takes about 3 minutes. Your plan is saved so you can return and update it anytime.
~3 minutesBuilt for Canadians, by CanadiansPlan retirement
Plan retirement
with
Start with our free calculators and tools, or go deeper with Scenario Lab+. Advanced retirement modeling to help you plan with confidence.
Current 2026 tax rates
13,000+scenarios modeled
Independent · Canadian-owned
Three tools, one retirement
Start free. Upgrade when you're ready to compare scenarios.
Start free to get a clear picture of your income or savings target. Use Scenario Lab+ when you want to model different choices and see how they play out.
Free, forever
Retirement Income Calculator
Plan your monthly income at retirement, including CPP, OAS, RRIF withdrawals, and pensions, all in one view.
- All Canadian sources: CPP, OAS, GIS, RRSP/RRIF, TFSA, pensions
- Monthly + annual breakdown by age
- Inflation-adjusted projections
Most useful when retirement is 0–5 years away
Try it freeMost popular
★ ProScenario Lab+
Test multiple retirement paths side-by-side. Get the full picture, not just one number. Exportable PDF for your advisor or partner.
- Side-by-side what-if comparison (retire earlier, delay CPP, downsize, part-time)
- Tax-optimized withdrawal order across RRSP/TFSA/non-reg
- Monte Carlo stress tests on every plan
- Exportable PDF for your advisor or partner
14 days free, then $59/year
Start nowFree, forever
Savings Goal Calculator
Work backward from the retirement you want. See exactly how much to save each month.
- Target lifestyle → required nest egg
- Monthly contribution to hit your goal
- Adjust for RRSP/TFSA mix and employer match
Most useful when retirement is 5+ years away
Try it freeMore free calculators
Scenario Lab+
Compare retirement paths, not just outcomes.
Build your complete retirement picture — CPP and OAS timing, savings drawdown, and tax optimization — then model different choices to see how they affect your plan.
✓ Save and revisit your plan✓ CPP, OAS, pension, RRSP, TFSA✓ What-if scenario modelling
Learn more →How it works
From numbers to plan, in one afternoon.
Scenario Lab+ builds a complete picture of your retirement in Canada — combining CPP, OAS, pensions, RRSP, TFSA, and spending into one model you can save, revisit, and stress-test.
See Your Full Picture
Scenario Lab+ projects your total retirement income — CPP, OAS, pension, and savings drawdown — year by year, using current Canadian government benefit formulas and your actual numbers.
InstantExplore What-If Scenarios
Will delaying CPP to 70 make a difference? What if you retire two years earlier? Model different scenarios side-by-side and see exactly how each decision affects your retirement outlook.
Optional · paidWhat's Included in Scenario Lab+
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Canada Pension Plan (CPP/QPP)
Model CPP start age from 60–70 and see the exact lifetime impact of taking it early or delaying.
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Old Age Security (OAS)
OAS pension with deferral options, GIS eligibility, and clawback calculations built in.
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Employer Pensions
Defined benefit (DB) or defined contribution (DC) pensions, including bridge benefits and survivor options.
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RRSP & RRIF Withdrawals
Projects your RRSP drawdown and mandatory RRIF withdrawals with tax implications factored in.
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TFSA (Tax-Free Savings)
Tax-free withdrawals that don't affect OAS or GIS — modelled strategically alongside your other income sources.
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Canadian Tax Estimates
Federal and provincial income tax, age credit, pension income splitting, and dividend tax credits.
FAQ
Common questions about retirement planning in Canada
How much money do I need to retire in Canada?
The amount you need depends on your desired lifestyle, location, and other income sources. A common guideline is to replace 70–80% of your pre-retirement income. For most Canadians, this means combining CPP (up to $1,508/month in 2026), OAS (up to $742/month), and personal savings. Our calculator helps you find your specific number based on your situation.
When should I start taking CPP benefits?
You can start CPP as early as age 60 or as late as 70. Starting early means smaller monthly payments (reduced by 0.6% for each month before 65), while delaying increases your benefit (by 0.7% for each month after 65). By age 70, you'd receive 42% more than at 65. The best choice depends on your health, other income, and financial needs.
What is the OAS clawback and how do I avoid it?
If your net income exceeds approximately $91,000 (2026), you'll have to repay part of your OAS benefits — this is called the OAS recovery tax or "clawback." At around $148,500, you lose the entire OAS. Strategies to minimize clawback include income splitting with a spouse, using TFSA withdrawals (which don't count as income), and timing RRSP/RRIF withdrawals carefully.
Should I withdraw from my RRSP or TFSA first in retirement?
Generally, it's often beneficial to draw down RRSP/RRIF funds first in lower-income years (before CPP and OAS start) to keep your tax rate low. TFSA withdrawals are tax-free and don't affect government benefits, making them ideal for later years or when you need to avoid OAS clawback. The optimal strategy depends on your specific tax situation.
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Retirement income modelling • What-if scenarios
Our mission
Why we built this
Retirement planning in Canada shouldn't require a financial advisor just to understand the basics. We built these free tools to help everyday Canadians get clear answers about CPP, OAS, and how their savings will support them in retirement.
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Canadian-focused
Built specifically for CPP, OAS, and provincial tax rules
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Educational
Explanations included so you understand the numbers
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Always improving
We continuously refine our calculators based on user feedback and usage patterns
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Disclaimer: These calculators provide estimates for educational purposes only and do not constitute financial advice. Results are based on current rules and simplified assumptions. Consult a qualified financial advisor for personalized planning.