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Ideal Savings Calculator

The Ideal Savings Calculator helps you plan for retirement by adjusting factors like savings, contributions, growth rate, and withdrawals to see their impact on your financial future. This tool offers clear insights, helping you make informed decisions for a stable retirement plan.

Timeline

Current Age:

Age to Retire:

Years in Retirement:

Savings and Income Goal

Current Principal ($):

Desired Annual Income (Today's Dollars) in Retirement ($):

Government Benefits

Monthly OAS Income ($): Starts from the current age-65 maximum OAS of $751.97/month, then updates when OAS Start Age changes.

OAS Start Age: OAS can start from 65 to 70. Delaying increases it by 0.6% per month. Updates OAS when this field loses focus.

Monthly CPP Income ($): Current average CPP retirement pension at age 65 is $877.01/month.

CPP Start Age: CPP can start from 60 to 70. Before 65 reduces it; after 65 increases it. Updates CPP when this field loses focus.

Growth Assumptions

Yearly Market Growth (%):

Yearly Inflation (%):

Reset Values

Detailed Analysis by Year

Year	Age	Beginning Balance	Gross Income Target	OAS + CPP	Withdrawal	Ending Balance

This tool is intended for informational purposes only and should not be considered financial advice. The calculations are based on general assumptions and do not take into account your specific financial situation, tax obligations, or other critical factors.

Debt Fighters (< $1k)

Savings Starters ($1k-$10k)

Wealth Builders ($10k-$250k)

Freedom Planners ($250k+)

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Ideal Savings Calculator

Timeline

Savings and Income Goal

Government Benefits

Growth Assumptions

Detailed Analysis by Year

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