Assumptions
To calculate your estimated retirement income, we assumed that:
you plan to retire at 67.
your current annual income is
$60,000, as provided by you.
your rate of return, which is related to your current investment mix, will decline over time to reflect a gradual shift toward a more conservative portfolio unless you already have a conservative investment mix. Rates of return are purely hypothetical and used for illustration purposes only.
Canada/Quebec Pension Plan is calculated based on your current annual income and assumes you'll contribute for 40 years and begin payments at age 65.
Old Age Security is based on the maximum amount, assuming you have lived in Canada for 40 years.
you plan to retire at 67.
your current annual income is
$60,000, as provided by you.
your assumed rate of return, which is related to your current investment mix, will decline over time to reflect a gradual shift toward a more conservative portfolio unless you already have a conservative investment mix. Assumed rates of return are purely hypothetical and used for illustration purposes only. Your actual rate of return will be higher or lower depending on the performance of your investments.
Canada/Quebec Pension Plan is calculated based on your current annual income and assumes you'll contribute for 40 years and begin payments at age 65.
Old Age Security is based on the maximum amount, assuming you have lived in Canada for 40 years.
you plan to retire at 65.
your current annual income is
$60,000, as provided by you.
your assumed rate of return, which is related to your current investment mix, will decline over time to reflect a gradual shift toward a more conservative portfolio unless you already have a conservative investment mix. Assumed rates of return are purely hypothetical and used for illustration purposes only. Your actual rate of return will be higher or lower depending on the performance of your investments.
Canada/Quebec Pension Plan is calculated based on your current annual income and assumes you'll contribute for 40 years and begin payments at age 65.
Old Age Security is based on the maximum amount, assuming you have lived in Canada for 40 years.
For additional details on these calculations and how changes in these assumptions can impact your estimated monthly income,
please go to the Retirement Planner on mysunlife.ca.
Your estimated monthly income is intended for illustration purposes only and is neither a guarantee nor a promise of any benefit from Sun Life or your plan sponsor. Your actual monthly income may be higher or lower depending on factors such as the actual rate of return on your investments, your actual contributions, and the accuracy of the assumptions listed above and elsewhere in the Retirement Planner. Sun Life and your plan sponsor are not responsible for any loss or damage that may arise from any use you may make of this estimate.
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