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Retirement savings calculator

Your retirement may be decades away or something you’re approaching in the next couple of years. Regardless of where you are, RRSP contributions can be a powerful tool to offset your taxes in the years that you contribute and provide you with another source of income in retirement. Use our RRSP calculator to see how contributing often and early can benefit your retirement plan.

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The amount you plan to contribute to your savings on a regular basis. Your savings contribution limit for 2017 is 18 percent of earned income you reported on your tax return in the previous year, up to a maximum of $26,010.

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How often will you contribute the amount entered above?

Different kinds of investments, investment styles and market conditions will result in different rates of returns. A current suggested range is 2% to 8%.

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Download SVGPerfect for when you want to use just one icon as a vector on the desktop or in your own icon workflow. Do you also have non-registered savings?

This tool is for illustrative purposes only, and the information obtained by using this tool is not, and should not be taken as, investment or financial advice to any person or company. Click here to view full disclaimer.