Retirement Income Planner
Retirement planning isn’t about a single number. It’s about cash flow.
Canadian retirement income typically comes from CPP, OAS, employer pensions, RRSPs, TFSAs, and personal savings.
Personal Details
RRSP/RRIF
CPP Benefits
Est. monthly: $860
OAS Benefits
Est. monthly: $750
Withdrawal Strategy
Avg. After-Tax Income
$35,527/yr
Retirement Years
30 years
Total Lifetime CPP
$268,258
Final RRSP Balance
$0
Retirement Readiness Score65/100
C
Fair
Overall Assessment
Savings Adequacy
14/25
At 56% of target. Consider increasing contributions.
Income Replacement
18/25
Only 71% replacement. Consider reducing expenses.
Plan Sustainability
18/30
Funds deplete at age 89. 1 years short.
Income Diversification
15/20
Good mix of income sources with some concentration.
Quick Wins:
- •Improve savings adequacy: At 56% of target.
- •Improve income replacement: Only 71% replacement.
RRSP Depletes at Age 89
Consider reducing withdrawals, delaying retirement, or increasing savings.
Retirement Income by Source
Year-by-Year Projection
| Age | RRSP Balance | Withdrawal | CPP | OAS | Total | After Tax |
|---|---|---|---|---|---|---|
| 60 | $500,000 | $20,000 | $0 | $0 | $20,000 | $19,224 |
| 65 | $464,482 | $22,082 | $10,318 | $9,000 | $41,399 | $36,333 |
| 70 | $411,610 | $24,380 | $10,318 | $9,000 | $43,697 | $38,170 |
| 75 | $337,449 | $26,917 | $10,318 | $9,000 | $46,235 | $40,199 |
| 80 | $237,321 | $29,719 | $10,318 | $9,000 | $49,037 | $42,439 |
| 85 | $105,677 | $32,812 | $10,318 | $9,000 | $52,130 | $44,912 |
| 90 | $0 | $0 | $10,318 | $9,000 | $19,318 | $18,678 |