Retirement is a time to look forward to – this might be the chance to take up a new hobby, spend more time with family and friends, or travel the world. It may seem like a long way off, but it’s never too early to start planning.
Use the Retirement Planner Calculator to determine the amount of savings you’ll need to retirement goal comfortably.
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Details on current retirement savings
Annual contribution you have in mind
Annual rate of return for your current investments (We recommend 5% if you don’t have one in mind)
Annual rate of return for your post-retirement investments (We recommend a more conservative return of 2-3% for those years as you’ll likely transition to a lower risk portfolio to mitigate against market fluctuation)
Planned annual income from your Canada Pension Plan and/or Old Age Security payments (Learn more about the Canada Pension Plan)
Annual pension from employer (if applicable)
Any other additional income
The Fine Print:
These calculators are for demonstration purposes and are not part of a retirement planning process. They are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. Book an appointment at your nearest branch to seek personalized advice from qualified professionals for all personal finance issues, aligned to your personal situation. Rates are subject to change without notice.