Education & Guidance / Calculators

RRSP Calculator

The RRSP calculator will help you determine how much your current savings will be worth and how much in future contributions you'll need to fund your desired retirement lifestyle.  By completing the eight simple steps outlined below, you can determine the annual contribution required to realize your goals.

How much should you save?     Please enter your desired annual retirement income in today's dollars (do not insert commas or periods):  Help   What percentage of your retirement income must come from your RRSP? 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100  %  Help   How many more years do you feel you have to work before retiring? 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45     For how many years after retirement do you feel you will be drawing on your RRSP savings? 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40     What do you expect your average annual rate of return on your RRSP to be during your working years? 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30  % per year   What do you expect your average annual rate of return on your RRSP will be during your retirement years? 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20  % per year  Help   What value would you use as the average annual inflation rate? 1 2 3 4 5 6 7 8 9 10 11 12  % per year  Help   What is the current value of your RRSP (please do not insert commas or periods) ? $