Canadian Retirement Income Calculator
Estimate how your retirement spending is funded by pension, CPP, OAS, and RRSP/RRIF withdrawals.
Built for Canadians who want a clear income map, tax wedge visibility, and OAS clawback awareness.
- After-tax spending target vs guaranteed income
- Net gap from savings and gross RRSP/RRIF withdrawal
- Tax wedge visibility by age/year
- RRIF minimum and clawback impacts
How this retirement income calculator works
You enter your retirement timeline, spending goal, savings, and income sources. The simulator then estimates year-by-year cash flow and tax drag using planning-level Canadian assumptions.
The key output is simple: how much of spending is covered by guaranteed income, how much must come from registered savings, and how much extra must be withdrawn to cover tax.
Who this page is for
- Pre-retirees who want to test if their plan is funded
- Retirees checking tax pressure from RRIF withdrawals
- Anyone comparing CPP/OAS timing and clawback risk
Planning estimate only. Not financial, tax, or legal advice.
Frequently asked questions
Does this include federal and provincial tax?
Yes. The simulator uses planning-level federal plus provincial tax estimates based on your selected province.
Can I include CPP, OAS, and a workplace pension together?
Yes. Guaranteed income sources are modeled together and shown in the income coverage visuals.
Why is gross withdrawal bigger than my spending gap?
Because RRSP/RRIF withdrawals are taxable. Gross withdrawal must cover both your net gap and tax owed.
Will this overwrite my existing plan?
No. Shared presets open as a preview. You explicitly choose whether to apply them.
Why use the full planner?
This page shows one cash-flow view. The full planner connects income, spending, taxes, OAS clawback, RRIF minimums, and long-term sustainability in one plan.
Related Canada retirement calculators
OAS clawback calculator | RRIF withdrawal calculator | RRIF minimum withdrawal calculator | CPP timing calculator Canada | Retirement tax calculator Canada | RRSP withdrawal strategy Canada
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