Retirement Income 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 OAS ? Person 2 OAS ? Person 1 pension Person 2 pension Person 1 other taxable income ? Person 2 other taxable income ?

CPP COLA % OAS COLA % Pension COLA % Other income growth % OAS threshold index % ?

Eligible workplace-pension split ? 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.

Include simplified GIS estimate when eligible ?

5. Assets

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

Cash return % ? 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.

Result

Run the estimate

Enter assumptions on the left and run the projection.

Years covered —

Ending assets —

Year 1 pre-withdrawal gap —

First depletion year —

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 est.	RRIF minimum	Withdrawals	Tax	OAS recovery	Assets end
No projection yet.

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 is also a simplified same-year annual estimate, while actual payments are generally recalculated each July using income from the previous calendar year. Some tax credits, benefit calculations and special circumstances are not yet modelled. Review the assumptions and verify important decisions using official sources or a qualified professional.

Retirement Income Estimator Beta