Retirement Decision Engine
Check whether a target retirement age is sustainable or find the earliest age your plan can support based on your retirement needs.
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Important: This simulation does not include CPP/QPP, OAS, GIS, employer pensions, or other federal and provincial retirement benefits unless you account for them in your spending assumptions.
Step 1 - Retirement Timeline
Assumes annual portfolio growth before and during retirement, with retirement spending increasing each year with inflation.
Step 2 - Savings and Return Inputs
Step 3 - Retirement Spending
Disclaimer
The results generated by this calculator are estimates for informational purposes only.
They are based on simplified assumptions and the information you provide.
Money Wizards does not provide financial, legal, tax, or investment advice.
Always verify results and consult a qualified professional before making financial decisions.
Methodology
How This Retirement Planner Works
This tool is designed for planning conversations, not false precision. It helps you see whether your target retirement age looks viable under a chosen return, inflation, and spending path.
- Checks whether your projected portfolio supports retirement spending at your chosen withdrawal rate.
- Lets you work in two modes: validate a target age or search for the earliest sustainable age.
- Shows both target-based results and simulation-style sustainability signals to avoid overconfidence.
- Works best when you want to compare contribution rate, retirement age, and spending trade-offs together.
FAQ
What is the earliest sustainable retirement age?
It is the earliest modeled age at which the projected portfolio meets your withdrawal target and remains viable through the chosen life expectancy in the simulation.
Why show both a withdrawal target and a simulation outcome?
Because hitting a headline withdrawal-rate target does not guarantee long-term sustainability when inflation, return assumptions, and spending duration are layered in.
What should I test first?
Annual contributions, retirement spending, expected return, inflation, and the target retirement age are the biggest levers in most scenarios.