Retirement calculator.

Our free retirement calculator can help you figure out how you’ll need to save to meet your retirement goals.

How does the calculator work?

Our retirement calculator assumes that:

  1. All contributions are made to, or savings held within, an RRSP or TFSA. (Non-registered savings, and any applicable taxes on such savings, are not included in this calculator.)
  2. Any RRSP contribution amount you enter is within your RRSP contribution limit.
  3. Contributions to savings are made at year end.
  4. Any returns, such as interest and dividends, are reinvested into retirement savings; in other words nothing is withdrawn until retirement starts.

 

The calculator does not consider:

  1. Income tax, which can significantly lower your net income
  2. Old Age Security (OAS) clawback

You should not act or rely on the calculator alone. Please consult one of our wealth management professionals to review your investment objectives and make recommendations that fit your individual needs, which may vary greatly from the above calculations.

Get the right support for your needs.

Starting to invest

If you’re at your first job, just married, starting a family, or growing your savings.
Ideal for holistic planning or new investors
  • Get simple and introductory financial advice and investment planning needs
  • Invest with mutual funds* and term deposits, with a focus on socially responsible investments
  • Receive long-term needs analysis as your life changes
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Already saving

If you’re growing your family, nearing retirement, or just looking for a second opinion on your portfolio.
Ideal for $100,000 to $350,000
  • Get personalized planning for life’s events with a focus on long-term results
  • Invest with a wider selection of mutual funds,* low-cost ETFs,* tax-advantaged options, fixed-income instruments and other investment types
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Complex goals

If you need help managing large assets, planning for retirement, or protecting your legacy.
Ideal for $350,000 and up
  • Tap into advanced wealth management strategies to grow and minimize tax liabilities
  • Access a full range of tailored planning services, investment tools, and solutions
  • Access actively managed pooled funds* that offer unique pricing and diversification benefits
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Learn more about advice plans

Tools to help you get on track.

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Vancity does not make any express or implied warranties or representations with respect to any information or results in connection with this calculator. Vancity will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results. This calculator is for independent use and is not intended to provide investment or financial advice. Actual results may vary, possibly substantially. We cannot and do not guarantee its applicability or accuracy. All examples are hypothetical and are for illustrative purposes only.