Retirement at a Glance

Take a peek into the future at what your retirement will look like—financially speaking—after tax, for both you and your spouse. Check out the Tax-Efficient Retirement Income Calculator with a free trial.

Like most retirees, you may have several sources of income: public pensions—Old Age Security (OAS) and Canada Pension Plan (CPP)—as well as private pension income from registered pension plans (RPPs), RRSPs/RRIFs, or possibly Deferred Profit-Sharing Plans (DPSP). You may also have foreign-source pensions, not to mention investment income. Income from some sources will increase over time through indexation while income from other sources will decrease as the capital is diminished. And there's the income tax component to take into account.

The Tax-Efficient Retirement Income Calculator allows you to look at the various income streams over the entire retirement period. By projecting how each source of income will vary over time and by adjusting for the cumulative effects of inflation and taxation, the calculator paints a picture of your income stream during retirement. Then, by adding the projected monthly expenses, you can identify excesses and shortfalls and adjust your plan accordingly.

See an example of the calculator in action here, and try it yourself, risk free. Your free trial includes access to all 14 Knowledge Bureau Calculators.