Canadian Retirement Asset Planning tool
When can I retire?
Find the earliest age you can stop working and still have your money last. Enter your age, savings and spending. It includes Canadian taxes, CPP and OAS, and tests your plan in good and bad markets.
Free · No account/login needed · Runs entirely in your browser
Your numbers
Enter amounts as they are today. We add inflation for you. Everything else, like investment returns and a plan that runs to age 90, uses the full planner's defaults. You can change them there.
About you
Leave blank if you don't have one.
Your savings
Household spending per year
How sure do you want to be?
We run your plan through hundreds of market simulations, some good and some bad. In what share of them should your money last?
A sensible middle ground (recommended).
Takes a few seconds.
How this works
The calculator builds a full retirement plan from your numbers and works through it one year at a time, with federal and provincial tax, CPP, OAS and the OAS clawback. Then it looks for your age in two steps:
- Average returns first. It finds the earliest age at which your money lasts to the end of the plan if investments earn their average return every year. At each age it tries different choices:
- when to start CPP
- when to start OAS
- early RRSP withdrawals, known as an RRSP meltdown
- which accounts to take money from first
- Then market simulations. Real returns go up and down. It runs that age through hundreds of market simulations. If your money doesn't last in enough of them to meet the confidence you chose, it tries later ages (up to 75) until it does.
A few things to know:
- Your CPP moves with your retirement age. Retiring earlier means fewer years paying in, and only years before 65 count.
- A workplace pension is held as you entered it. It doesn't get smaller if you retire earlier, so check your pension statement for the amount at the age you're looking at.
- Your spending stays the same every year of retirement, rising with inflation.
- With a spouse, both retirement ages move by the same number of years.
Frequently asked questions
When can I retire in Canada?
There is no set retirement age in Canada. You can stop working whenever your savings, pensions and government benefits can pay for the life you want. CPP can start any time from 60 to 70, and OAS from 65 to 70. This calculator finds the earliest age your own numbers support, at the spending you enter.
How much do I need to retire?
It depends on what you spend, when you stop working, and what CPP, OAS and any pension will pay. This calculator answers the age question: with what you have and plan to spend, how soon can you stop? The "Could spend" column shows the other side: about the most you could spend each year retiring at each age in the table. To see what your savings can support at a retirement age you choose, open the full planner and choose "Spend the most in retirement" in the optimizer.
What does 85% success mean?
The calculator runs your plan through hundreds of market simulations, where returns go up and down from year to year. 85% success means your money lasted to the end of the plan in 85% of them. You spent the same amount each year, rising with inflation. In the other 15%, money ran short at some point. Choosing 95% gives a later, safer retirement age. Choosing 75% gives an earlier one with more risk.
Does it include CPP and OAS?
Yes. We assume 35 years of CPP contributions if you work to your target age (or 65). Retire earlier and you have fewer years, so your CPP is a bit lower. Only years before 65 count. OAS is included, and so is the OAS clawback on higher incomes. At each age we also try starting CPP at 60, 65 or 70 and OAS at 65 or 70. We keep the mix that works and leaves the most at the end. For a closer CPP figure, use the CPP calculator and apply it in the full planner.
What about my workplace pension?
If you have a defined benefit pension, enter what it pays per year and the age it starts. It is held exactly as you enter it: the calculator does not lower it if you retire earlier, because it does not know your plan's rules. Most workplace pensions pay less for fewer years of service or an early start, so check your pension statement for the amount at the age you are considering. The pension is assumed to rise with inflation; you can change that in the full planner.
Can I include my spouse?
Yes. Turn on "Include a spouse" and add their age, income and savings, and their workplace pension if they have one. If your spouse has income, the calculator assumes they stop working at the same age as you (or now, if they are already past that age), and it moves both retirement ages together. If they have no income, we treat them as already retired. You can set different retirement ages in the full planner.
How accurate is the answer?
It is an estimate, not a promise. It uses the full planner's default assumptions: 2.5% inflation, about 5% average yearly growth on investments with random ups and downs, a plan that runs to age 90, and 2026 tax rules. Real markets, tax rules and your spending will differ. Use the answer as a starting point. See how much a year earlier or later changes things, and run it again every year or two.
Is my data private?
Yes. Everything runs locally in your browser. Your numbers are never sent to a server, there is no account to create, and none of your data leaves your device. The calculator is completely free with no ads.
Educational information, not advice
This page and calculator are provided for general educational and informational purposes only. They do not constitute financial, investment, tax, or legal advice, and no personalized recommendation is being made to you. The tool uses simplified models that may not reflect your full situation.
Projections are hypothetical and are not guarantees of future results. Tax rules, contribution and benefit thresholds, and government programs change over time. Always consult a certified financial planner, qualified tax professional, or legal advisor before making retirement decisions. Full disclaimer