Will your savings and pensions be enough? Canadian Retire estimates it in plain terms.
Start with the monthly after-tax income you want in retirement, in today's dollars. Then tick Yes or No for what you actually have, and the app asks only about those things. It projects your income forward and checks it against your goal, year by year to the age you choose.
WHAT YOU CAN INCLUDE
• Defined contribution (DC) pension, RRSP, TFSA, non-registered stocks and cash
• Locked-in pension money (LIRA, LIF, LRIF, RLIF), with the yearly minimum and maximum set by your plan's pension law, and the one-time unlock where it's allowed
• A defined benefit (DB) pension, with start age, indexing and bridge benefit
• SERP and long-term incentive plan (LTIP) payouts
• CPP or QPP and OAS, with the start age you choose, and OAS 10% higher from 75
• The Guaranteed Income Supplement (GIS) and the Allowance, worked out from your income
• A spouse or partner with their own age, retirement age, accounts and benefits — the plan starts when the first of you retires
• A reverse mortgage, on its own page: borrowing limit, growing loan balance and the equity you would leave
WITH CANADIAN TAX BUILT IN
• 2026 federal and provincial or territorial tax for all 13 provinces and territories
• Basic personal, age and pension income credits, Ontario's surtax and Health Premium, and Quebec's own credits and federal abatement
• Tax on interest, eligible dividends (with the dividend tax credit) and capital gains in non-registered accounts
• OAS recovery tax on higher incomes
• Pension income splitting between spouses
• A withdrawal plan that draws from RRSP/RRIF, LIF, TFSA, cash and stocks in a sensible order to reach your goal after tax, with the tax shown for every year — and keeps RRSP money for last in years you'd get GIS
MORE TOOLS
• Savings tracker: log your balances month by month and watch them grow
• Net worth: what you own minus what you owe, today
• Charts and tables for income, balances, growth and withdrawals, in future dollars or today's dollars
• Save your plan to a file and load it back any time
PRIVATE BY DESIGN
Your numbers stay on your device. There are no accounts, no ads, no tracking, and the app doesn't need an internet connection.
PLEASE NOTE
Canadian Retire is an educational tool that produces estimates. It is not financial, tax, legal or investment advice. Tax and benefit figures are for 2026 and change every year. The model is simplified: for example, investment returns are steady rather than rising and falling, and GIS is worked out from the same year's income. Speak with a qualified professional before making retirement decisions.
Show more
