Retirement planner
Will your money last through retirement?
Test your retirement date, spending, CPP and OAS timing, and investment risk. Free to use; no sign-up needed to calculate.
🔒 Tax analysis comes with the paid report
Everything else in the planner is free, including a preview of your tax result. The paid report shows your best withdrawal plan year by year, couples and pension splitting, and a personalized decision report (PDF).
Planner setup
Build the plan in four steps
Use the four steps to set up your plan. Detailed results and actions remain available below.
Setup Mode
Plan Setup
Build the plan inputs here. This phase shows the future setup workspace without moving fields yet.
Inputs stay connected to one planner form
Plan Setup inputs
Timeline & retirement start
When you were born, when you plan to retire, how long to plan for, and where you live.
Province sets the 2026 federal + provincial income tax used in Tax Analysis:
brackets, basic personal amount, and the age and pension credits from 65.
Savings & Investments inputs
Assets, savings & portfolio risk
Review current invested assets, monthly contributions, portfolio return, volatility, and investment assumptions.
These are real submitted inputs. They remain connected to the original Calculate form.
Assumptions inputs
Spending, income, tax & inflation
Review spending, support income, tax, inflation, saving growth, and planned expense adjustments.
Tax strategy & withdrawal rules
Detailed tax-aware settings stay in Tax Inputs
Below is a live summary of what is set in Tax Inputs. Change them there;
Tax Analysis updates instantly.
| Strategy & income tax | |
|---|---|
| Withdrawal strategy | — |
| Meltdown target income | — |
| Province / tax tables | — |
| Custom brackets | — |
| OAS & RRIF | |
| OAS | — |
| OAS clawback | — |
| Index OAS | — |
| RRIF | — |
| Accounts today | |
|---|---|
| Taxable · RRSP · TFSA | — |
| Taxable cost base (ACB) | — |
| Capital-gain inclusion | — |
| Before retirement | |
| Yearly savings split | — |
| Taxable drag | — |
These are the same inputs Tax Analysis and the Decision Report use.
Change any value with Edit Tax Inputs; this table and Tax Analysis update together.
Profile & Timeline
Birth date, retirement timing, and planning horizon.
Coming next: move the safest Plan Setup inputs here first.
Guided explanation
Each card will include plain-English guidance explaining why the input matters.
This is where the Optiml-style explanation layer will be added.
Decision Dashboard
Deterministic projection vs Monte Carlo risk
This tool doesn’t predict markets. It stress-tests whether your plan survives different futures. Use the smooth projection as the upside target, then use Monte Carlo to understand downside risk, sequence risk, and how much portfolio volatility the plan can afford.
📉 Asset vs. Retirement Expense
Shows the deterministic path: assets, retirement spending, and withdrawal-rate pressure over time.
Deterministic view
📉 Monte Carlo Simulation: Retirement Asset Range
Stress-tests the plan under uncertain market returns, inflation paths, and withdrawal sequence risk.
Benchmark: S&P 500
SPY • 20y •
CAGR 10.8% •
σ 19.4%
Monte Carlo risk view
✅ Probability of plan success
ⓘ
(no depletion through age 90):
100.0%
Strong
Success = assets never hit $0 before age 90.
Band guide: <65% = caution, 66–88% = okay, 89%+ = strong
If Caution: adjust one lever — retire later • spend less • save more • reduce volatility.
📌 Executive dashboard
How safe is this plan?
Baseline success:
100.0%
Strong
How fragile is it under stress?
Enable Reality Check Pack to see stress fragility.
What should I change first?
Run Sensitivity to show the top lever.
⚠️ Depletion Risk Summary (Based on 300 Monte Carlo Simulations)
- 0.0% chance of running out of money by age 75
- 0.0% chance of running out of money by age 85
- 0.0% chance of running out of money by age 90
📝 MC notes (end labels)
- End age: —
- Median assets: — (plan) vs — (benchmark)
- Depletion: — (plan) vs — (benchmark)
Monte Carlo results include volatility drag and sequence risk.
Return Std Dev (σ)
ⓘ
controls how “bumpy” yearly market returns are around your average return.
Note: this version uses a single σ across pre- and post-retirement.
Assumes current savings, asset, CPP, expenses, and retirement age remain fixed.
Market returns and inflation are randomly varied in each simulation.
Interactive stress test
Live What-If
Adjust retirement age, spending, savings, tax, inflation, and return assumptions to see how the projected path responds before saving or generating a report.
Restore sliders from the current inputs above.
More controls
🧭 Strategy Coach (beta)
Lever (choose one)
🎯 Goals (beta) — extra expenses or inflows
| Enabled | Name | Type | When | Amount | Infl. |
|---|
Note: goals are merged client-side into asset liquidations (post-tax) before the live update call.
🧯 Cash Reserve Tradeoff Test
Tests whether holding cash improves plan survival enough to justify the lost investment growth.
Cash reserve results will load after the Live What-If engine runs.
Highest-Success Reserve
—
Waiting for result
Success Change
—
vs no cash reserve
Median Opportunity Cost
—
opportunity cost vs no cash
Avoided Investment Sales
—
negative-return years
| Cash Years | Cash Target | MC Success | Success Δ | P10 Final | Median Final | Opportunity Cost | Cash Depleted | Avoided Sales | Read |
|---|---|---|---|---|---|---|---|---|---|
| Waiting for cash-reserve calculation... | |||||||||
Scenario-dependent read
This checks whether cash reserve is worth its opportunity cost under stress cases such as higher volatility, lower post-retirement return, higher spending, or earlier retirement.
| Scenario | Base Success | Best Cash | Best Success | Gain | Median Cost | Avoided Sales | Read |
|---|---|---|---|---|---|---|---|
| Waiting for scenario matrix... | |||||||
🔄 Compare Saved Scenarios
Scenario snapshot (saved in DB)
Select Scenario A / B above; this shows the key plan inputs saved on each scenario.
| Scenario | Plan snapshot | Assumptions |
|---|---|---|
| Waiting for selection… | ||
🔄 Compare
Monte Carlo Simulation
Sensitivity – Dollar Impact (Core Inputs)
Retirement Age – Dollar Impact (Own Scale)
Tax-Aware Retirement Plan
These inputs mirror the top form; they’re tucked away to keep the page clean while reviewing Tax-Aware Visuals.
RRIF minimums are always taken first (from the year after conversion).
Tax Inputs
Six short steps. Results update as you type; the page stays usable behind this panel.
Optimized: RRSP meltdown
Draws RRSP each year until RRIF conversion, up to a target taxable income, so low tax
brackets are not wasted. Extra cash goes to the TFSA, then Taxable. Compared with the six
fixed orders on after-tax estate value.
Blank = Auto.
Run the plan to see your best meltdown target.
Income tax (2026)
Same field as in 1. Plan Setup; changing either one updates both.
Common inputs (example):
OAS Monthly ≈ $800 starting at 65;
Clawback threshold $95,323/yr (2026; grows with inflation when a province is selected);
Clawback rate 15%;
RRIF start age 71.
Check Index OAS to grow OAS with inflation. Adjust to your year/province.
Custom brackets (advanced): used only when Province or territory
(top of this panel, or 1. Plan Setup) is set to Custom brackets. Otherwise the
2026 federal + provincial table shown above is used.
Example only: ~$57,375 → ~14.5%; ~$114,750 → ~20.5%; income above that typically ~26-32% depending on province/territory.
See simple bracket table (CRA)
.
Note: With brackets ON the flat Income Tax Rate (%) is ignored.
Use Taxable Drag (%) to include ongoing tax on taxable investment income.
RRIF-min taxes still show under “Tax paid from Taxable (overlay)”.
Optional friction on Taxable growth only. Enter manually, or use the helper below and tick
Auto-apply to fill this for you. If you want to overwrite the helper, simply
uncheck Auto-apply and type your own value here.
Ongoing Taxable Income Drag
Estimates recurring tax friction while taxable investments remain invested.
It includes dividends, interest, and foreign-income withholding — not tax on a later sale.
| Income stream | Allocation (% of taxable) | Yield (% on that slice) | Effective Tax Rate before retirement (%) | Contribution to Annual Drag (%) |
|---|---|---|---|---|
| Eligible dividends | 0.000 | |||
| Interest / foreign income | 0.000 | |||
| Annual Ongoing Drag (Σ contributions) | 0.000% | |||
| Implied Taxable Drag d = Annual Drag ÷ Return Rate | 0.00% | |||
Allocation is the share of your taxable balance producing each recurring income stream.
Yield is the annual dividend, interest, distribution, or withholding-bearing yield.
Each row uses
Allocation × Yield × Effective Tax Rate.
The result reduces taxable-account growth only.
The after-tax income is reinvested and added to your cost base (ACB), so it is not taxed again on sale.
In retirement (2026 province tables) this income is taxed with the real brackets instead:
interest and foreign income in full, eligible dividends grossed up 38% with the dividend tax credit.
If you type your own Taxable Drag (Auto-apply off), that flat drag is used throughout.
Realized capital gains are excluded here.
They will be calculated separately when the planner sells taxable assets.
Example: 60% equities at 2% yield taxed at 10% → 0.12%;
40% bonds at 4% yield taxed at 30% → 0.48%.
Annual ongoing drag = 0.60%.
Allocate your current assets across these three accounts.
The total here should match your current portfolio balance.
ⓘ
What you paid for these investments, including reinvested dividends. Equal to the balance means no gain today; it then moves with the balance.
Share of a realized capital gain that is taxable (50% under current law).
Total allocated: $0
Pre-retirement contribution split: Each pre-retirement year we deposit savings in this order
TFSA → RRSP → Taxable. Amounts below are annual targets; Taxable is auto-computed as
Monthly Savings × 12 − TFSA − RRSP.
ⓘ
Tip: If TFSA + RRSP exceeds Monthly Savings × 12, we’ll use TFSA first, then RRSP, and set Taxable to $0 for that year.
Savings grow each pre-retirement year by your Annual Saving Increase Rate (%)
and are then split in this order TFSA → RRSP → Taxable.
ⓘ
TFSA cap grows automatically from $7,000 in 2025 by ≈2.1%/yr for 2026+.
We apply that cap before RRSP and Taxable in the yearly split.
ⓘ
Withdrawal Strategy Review
Compare six fixed withdrawal orders and the Optimized: RRSP meltdown on after-tax estate value, tax pressure, and account balances.
Recommended Withdrawal & Tax Plan: Year-by-year retirement flows for your selected withdrawal order (e.g., Taxable → TFSA → RRSP), including OAS, RRIF minimums, tax on taxable and RRSP withdrawals, and ending balances by account. Use the CSV to view all rows.
| Age | Baseline Assets (100% Taxable) | Living Expense | Living Exp. Adjustment | Liq Added | From Taxable | Realized Gain | Taxable Gain Income | From TFSA | From RRSP (Gross) | RRIF Min % | CPP / Support | OAS (Gross) | OAS Clawback | OAS (Net) | Tax on Realized Gain | Tax on RRSP (overlay) | Taxable Drag | End Taxable | End TFSA | End RRSP | End Total | Estate Tax (if plan ended) | After-Tax Estate |
|---|
Optimize withdrawals (beta)
Next-$1 Analyzer (first retirement year)
RRSP marginal on next $1: —
Taxable marginal on next $1: —
OAS headroom / status: —
Optimizer result (summary)
—