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The calculator takes into account your registered and non-registered savings, annual returns, investment fees, income tax, and inflation to compute these estimates. Here are some market assumptions baked into our calculations. Inflation rate of 2%. Yearly salary increase of 2% per year up to the age of 45 and none thereafter.
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The TD Retirement Calculator estimates what your monthly savings would need to be to retire with your desired income, based on the accuracy and completeness of the information you enter and on certain assumptions.
- Overview
- What do I need to begin
- Related links
The Canadian Retirement Income Calculator will provide you with retirement income information. This includes the Old Age Security (OAS) pension and Canada Pension Plan (CPP) retirement benefits. To estimate your retirement incomes from various sources, you will need to work through a series of modules. You will then need to compare them to your goal income. It also allows you to see the impact of the changes you make in how you save.
If you are married or living in a common-law relationship, you must each use the calculator separately and compare your results to understand your overall situation. It is also important for couples to know how a partner's death or the end of the relationship could affect their financial situation.
The calculator's results are estimates. You should not use them for financial planning.
The calculator does not collect personal information or identifiers.
It will take you approximately 30 minutes to use the calculator. To get the most out of your session, you may wish to have access to the following:
•CPP Statement of Contributions or QPP Statement of Participation
•financial information about your employer pension (if applicable)
•recent RRSP statement(s) (if applicable)
•Canada Pension Plan - Eligibility
•Canada Pension Plan - How much could you receive
•Apply for OAS
•Canada Pension Plan payment amounts
•Payment dates for OAS and CPP
•Direct deposit
Aug 14, 2023 · Use our retirement calculator for Canada to calculate how much you need to save by the time you retire.
Retirement calculator. Are you on track to reach your retirement goal? Here’s a simple, fast way to see where you are on the road to retirement. Answer a few questions to find out if you’re headed in the right direction. Resources. Retirement Planning. CPP contributions: How much CPP will I receive when I retire? Retirement Report. Hide Legal.
Find out how much you will need to save for retirement and if you're on track to meet your retirement savings goal. Take 2 minutes to get your results. Tell us about yourself: Current age: years old. Age you want to retire: years old. Your income details: Current income (before taxes):
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See how the size of the contributions to your group plan can affect your retirement income with this calculator. Change your contributions and see what a difference it can make. Four tips to save more using your group plan(s): The estimated annual income is based on a complete withdrawal of the savings in your retirement year. It isn't a payout ...
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