Need the full retirement-income model?
These are simplified annual estimates. For detailed CPP/QPP, OAS, tax, and account-order modelling, use the advanced Quebec retirement tool.
Retirement
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.
Jump to another decision
See all decisionsLifestyle target
Define the life you want to fund
Start with annual spending in today's dollars. Pensions are entered separately so the model can show what your portfolio must cover.
The annual lifestyle budget you want retirement to support before subtracting pensions or government income.
$
Used to calculate how many saving years remain.
Age target
Choose the retirement question
Test a target age, or let the model look for the earliest age that appears sustainable.
The age you want work to become optional.
Pre-filled from Statistics Canada Table 13-10-0837-01. At age 65, remaining life expectancy is 19.75 years for males and 22.45 years for females, or about age 85 and 87. You can raise it to test longer life risk.
Income and savings
Show the savings engine
Your current portfolio and yearly saving rate drive the runway before retirement.
Include retirement accounts and taxable investments intended for retirement.
$
How much you expect to add each year before retirement.
$
Pensions
Add income that does not come from savings
Use plain annual estimates for CPP/QPP, OAS, employer pensions, or other reliable retirement income.
A plain yearly estimate of government retirement benefits. Adjust it if you plan to start benefits earlier or later.
$
Estimated yearly defined-benefit pension, annuity income, or other reliable retirement income.
$
Assumptions
Keep the assumptions visible
The headline answer depends heavily on returns, inflation, and the withdrawal rate you consider comfortable.
Advanced assumptionsOpen when you want to pressure-test market returns, inflation, and withdrawal rules.
Results
Read the result like a decision
The result combines the target portfolio, the projected portfolio, retirement income, and stress-test confidence.
Retirement readout
StrongYou may be on track to retire at 60
At age 60, the model shows an estimated cushion of $1,048,920.
Years to Retirement
27
Withdrawal Rate
2.3%
Earliest Sustainable Age
53
Success probability
93.9%
Plain-language insight
The plan has useful breathing room
Keep an eye on spending and return assumptions, but the current inputs do not point to an immediate gap.
Portfolio Over Time
See the accumulation years, retirement point, and drawdown path in one timeline.
Retirement Income Sources
Shows how much of the yearly lifestyle target comes from savings versus pensions.
Savings Growth
Compare total contributions with the projected portfolio before retirement.
Sensitivity check
What impacts your result most?
Each card shows how the retirement-age cushion changes when one lever moves and everything else stays the same.Retire 2 years later
$381,622Moves the plan toward more room.
Save $6,000 more yearly
$413,141Moves the plan toward more room.
Spend $6,000 less yearly
$0Moves the plan toward more room.
Lower returns by 1 point
-$421,521Moves the plan toward a tighter result.
Add $3,000 government income
$0Moves the plan toward more room.
Planning inputs
Assumptions to keep honest
These inputs explain why the result moves. Revisit them before treating the answer as a plan.- Expected yearly return
- 6.5%
- Inflation on spending
- 2.5%
- Comfortable withdrawal rate
- 4.0%
- Tax assumptions
- Simplified
Higher expected returns can make early retirement look easier than it feels.
Inflation increases the spending draw throughout retirement.
This is the portfolio income rule used to estimate the target nest egg.
This simplified calculator does not model account-level tax drag or withdrawal order.
Monte Carlo simulation
Think of this as replaying your retirement plan many times with good, average, and bad investment years. The success rate is how often the money lasts to the planning end age.
Success probability
93.9%
Extra yearly saving for 80%
No extra needed
Median failure age
82
Downside ending value
$496,983
1000 trials. Use the extra yearly saving gap, spending target, retirement age, and return assumption as the main levers. The simulation uses your expected return and inflation as the centre, with annual return volatility and smaller inflation variation.
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.
Live retirement simulation
You may be on track to retire at 60
- Portfolio at Retirement
- $2,473,920
- Projected retirement income
- $75,000
- Target Gap
- $1,048,920
Model target: $1,425,000
Savings need to cover $57,000 per year after pensions.
Estimated cushion at retirement.
How to read this
At age 60, the model shows an estimated cushion of $1,048,920.
93.9% success rate across 1000 stress-test runs.
Strong confidenceMethodology
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.