Retirement Income Estimator

Quick estimate

Start with eight simple answers

Every field has a working default. Run the estimate now, then adjust it or continue to the full estimator.

1Your current age 2Retirement age 65 Choose an age from 55 to 70.

3Household

Single Couple

Couple mode assumes both partners are the same age and retire together.

4Total household savings today

Optional: split savings by account type

These amounts set the tax treatment. If their total differs from the total above, the same proportions are applied to the total.

RRSP / RRIF TFSA Cash / other

5Annual household savings until retirement

6CPP at age 65 per person

7Total annual workplace pension

8Monthly household spending in retirement

Enter the amount in today’s dollars.

Illustrative result in today’s dollars, using simplified 2026 Ontario rules.

Your quick estimate

Estimated at age 65, when CPP and OAS are available.

Monthly income before savings withdrawals—

Monthly spending target—

Gap per month—

Run the estimate to see how long savings may last.

Full OAS is assumed for each person. If you have fewer than 40 years of Canadian residence after age 18, refine this in the full estimator.

How we calculated this

Full OAS starts at 65, including the automatic 10% increase from age 75.
Savings receive 4% nominal growth; spending and benefits use 2% inflation.
Savings without an account split are treated as taxable registered savings.
Uses 2026 Ontario and federal tax brackets, the income-tested federal basic personal amount, senior age and eligible pension-income amounts, Ontario surtax, tax reduction, and Health Premium.
Includes category-specific simplified GIS and individual OAS recovery-tax estimates.
Couple mode assumes the same age and CPP tier for both people and splits eligible workplace pension income evenly for tax.
No RRIF minimum sequencing, survivor benefits, or investment-return variability.

A free RetireON account is required for the detailed estimator.

1. People

Choose whether this is a single-person plan, a couple plan, or a couple plan with a survivor scenario.

Household type ? Province Person 1 current age Person 2 current age Projection years ? Survivor scenario ?

Benefit start ages

Enter the annual amount expected when each benefit starts, or the current annual amount if it has already started.

Person 1 CPP start age Person 1 OAS start age Person 1 pension start age Person 2 CPP start age Person 2 OAS start age Person 2 pension start age

2. Housing & downsizing

Choose the current housing situation, then add property value, mortgage, and optional future downsizing.

Housing type Ownership status Annual housing inflation % ?

Property value & mortgage

Current property value Property value growth % Current mortgage balance Monthly mortgage payment Mortgage years remaining

💡 Phase 1 uses a simplified mortgage payoff estimate. The monthly payment stops after the mortgage years remaining, or immediately after downsizing/sale.

House monthly costs

Property tax Home insurance Hydro Gas / heating Water Maintenance reserve Other monthly

Future downsizing / sale scenario

Include downsizing scenario? Downsize in projection year New housing type

💡 Net cash released = sale value − remaining mortgage − selling costs − new property value − buying costs − moving costs. If selling and renting, new property value is ignored.

💡 Housing is separated because property tax, condo fees, mortgage payments, maintenance, downsizing, and rent can change the retirement result significantly.

3. Common monthly expenses

These apply regardless of housing type.

Food Internet Cell phones Car insurance Transportation / fuel Medical / health Personal / clothing Entertainment / gifts Other common costs

Annual common expense inflation % ? Emergency reserve target months ?

4. Annual income

Person 1 CPP ? Person 2 CPP ? Person 1 CPP amount basis ? Person 2 CPP amount basis ? Person 1 OAS ? Person 2 OAS ? Person 1 OAS start-age basis ? Person 2 OAS start-age basis ? Person 1 age-75 OAS basis ? Person 2 age-75 OAS basis ? Person 1 pension Person 2 pension Person 1 employment income ? Person 2 employment income ? Person 1 other taxable income ? Person 2 other taxable income ?

💡 OAS is adjusted quarterly. For July–September 2026, the maximum is $751.97 per month for ages 65–74 and $827.17 for age 75 and over. The Government of Canada has announced a 1.4% increase for October–December 2026; this estimator will retain the current official figures until the complete October table is published. If the entered amount does not already include the age-75 enhancement, the estimator adds 10% for the full annual projection row in which the person reaches age 75. Because birth months are not collected, the first enhanced year is an annual approximation.

CPP COLA % OAS COLA % Pension COLA % Other income growth % Tax and benefit threshold index % ?

Pension-splitting method ? Eligible pension split direction ? Pension split %

💡 OAS recovery tax is estimated separately for each person using that person's income and registered withdrawals. The 2026 threshold is $95,323 and the recovery rate is 15%, capped at that person's OAS.

💡 The regular-tax estimate includes the federal and Ontario age amounts and eligible pension-income amounts. Eligible workplace pension and RRIF income at age 65 or older may be split for tax purposes. CPP, OAS, GIS/Allowance, and ordinary RRSP withdrawals are not included in this pension-splitting election.

Include GIS / Allowance estimate when eligible ? GIS couple situation ? Year 1 GIS income basis ?

Include estimated CGEB and Ontario senior credits Include Ontario GAINS (eligibility confirmed) Year 1 credit income basis ?

💡 Supplemental-benefit estimates use 2026 Canada Groceries and Essentials Benefit, Ontario Sales Tax Credit, Ontario Energy and Property Tax Credit, and Ontario GAINS rules. They are annual planning estimates; actual payment periods, marital status tests, residency, tax filing, and occupancy eligibility can change results.

5. Assets

Cash / savings ? TFSA ? Person 1 RRSP / RRIF ? Person 2 RRSP / RRIF ?

Taxable cash/GIC interest % ? Cash interest attributed to Person 1 % ? TFSA return % ? RRSP/RRIF return % ?

6. Withdrawal rules

Withdrawal order ? RRIF minimum starts at age ?

💡 Registered withdrawals during GIS-eligible years may reduce GIS as well as increase tax. Consider comparing this withdrawal order with a scenario that draws registered savings before OAS/GIS begins. The better result depends on tax rates, benefit timing, household status, and account balances. RRIF minimums still apply once triggered.

The amounts you enter and scenario files you load are processed in your browser and are not sent to RetireON. Saved scenario files are readable JSON and may contain personal financial assumptions; store and share them carefully.

Illustrative results based on simplified 2026 planning assumptions. Actual taxes, benefits, investment returns, and retirement outcomes may differ.

Run the estimate

Enter assumptions on the left and run the projection.

Years covered —

Ending assets —

Year 1 pre-withdrawal gap —

First depletion year —

Benefit assumptions

Run the projection to see the applicable GIS threshold and benefit assumptions.

Housing / downsizing impact

Run the projection to see the housing and downsizing impact.

Risk flags

No projection yet.

Asset path

Annual projection

Year	Age	Status	Housing	Common	Total expenses	Income	GIS / Allowance est.	Other benefits	RRIF minimum	Withdrawals	Tax	OAS recovery	Assets end
No projection yet.

The CSV is created locally on your device. Your financial information is not sent to RetireON.

Not sure what CPP, OAS, GIS, TFSA, RRSP, RRIF, RRIF minimums, OAS clawback, or survivor risk mean? Open the glossary.

This is an educational estimate, not tax, financial, or legal advice. OAS recovery tax is modelled on an annual accrual basis; actual deductions generally follow a July-to-June recovery period. GIS/Allowance and Ontario GAINS use official July–September 2026 Ontario payment tables and are converted to annual planning amounts; projection years use the previous projection year's estimated income, while Year 1 accuracy depends on the selected prior-year basis. CGEB, OSTC, and OEPTC are simplified annual estimates and do not model every eligibility, payment-period, residency, occupancy, or tax-return adjustment. CPP/OAS start-age adjustments and age-75 OAS changes use full-year approximations because birth and commencement months are not collected. Tax brackets, modelled credits, benefit figures, and the OAS recovery threshold grow using the entered threshold-index assumption. Review assumptions and verify important decisions using official sources or a qualified professional.