Tell us about yourself:
Current age:
30 years old
Age you want to retire:
65 years old
YOUR INCOME DETAILS:
Current income (before taxes):
$75,000/year
How much you’ll need in retirement (annually):
70%
YOUR SAVINGS AND CONTRIBUTIONS:
Registered retirement savings:
Current savings:
$70,000
Regular contributions:
$500/month
Tax-free savings account (TFSAS):
Current savings:
$2,000
Regular contributions:
$150/month
Non-registered savings and investments:
Current savings:
$1,000
Regular contributions:
$150/month
Return on savings:
Assumed rate of return:
4%
ADDITIONAL RETIREMENT INCOME SOURCES:*
Defined benefit pension plan:
$0/month
Other sources of retirement income:
$0/month
*Your calculation includes an assumed amount for Canada Pension Plan (CPP)/ Quebec
Pension Plan (QPP) and Old Age Security (OAS).
75%
OF YOUR GOAL MET
You’ve got some more saving to do.
You’re almost there!
You’re almost there!
You will need to save
$485 more
per month
to reach your retirement savings goal.
You will need to save more to reach your goal.
Your savings are right on track! Looks like
you’re on track to reach your retirement savings goal.
Based on what you’ve told us, you’ll reach your retirement
savings goal at age:
X
YOUR RETIREMENT SAVINGS GOAL:
$1,743,721
Your projected savings:
$1,166,484
YOU STILL NEED TO SAVE:
YOU HAVE A SURPLUS OF:
$577,237
