What will my expenses be at retirement?

 
Please enter the expenses you expect to have in retirement. This tool will show you the amounts based on the inflation rate you choose.

 
  Current age:    
  Planned retirement age:    
  Estimated inflation rate: %  
 
 Basic expenses  
Accommodations Monthly   
  Mortgage / rent: $   
  Utilities (heat, electricity): $   
  Property taxes: $   
  Phone / Cable / Internet: $   
  Maintenance repairs: $   
  Insurance (home): $   
 
Living expenses Monthly   
  Groceries: $    
  Clothing: $    
  Dependent / Family care: $    
  Personal care (hairstylist, etc.): $    
  Emergency funds: $    
 
Health Monthly   
  Insurance (life and health): $    
  Prescriptions: $    
  Dentist / Chiropractor / Optometrist / etc.: $    
 
Transportation Monthly   
  Car payment / Lease: $    
  Car insurance / Registration: $    
  Fuel / Maintenance: $    
  Public transportation: $    
 
Other Monthly   
   $    
 
 Lifestyle I want  
  Monthly   
  Dining out: $    
  Movies / Theatre: $    
  Newspaper / Magazines / Books: $    
  Sports activities / Hobbies: $    
  Travel / Vacation: $    
  Further education $    
  Donations / Gifts: $    
  Other:
  		 $    
 
Note: This tool does not take into consideration the provincial and federal taxes you will pay in retirement. This will increase the expenses.
 
Calculate    
 


Tip
Most retirees can live comfortably on 60% to 80% of the income they had before retiring.


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