For Canadians deciding when to retire
See what you'd have to live on in retirement.
Your pension, savings, CPP and OAS on one timeline, year by year. Compare two choices side by side before you make one that's hard to undo.
- Free
- Private
- No sign-up
- Income you want
About $47,500 a year at 58, then $64,800 from 65. Below the income wanted from 58 on.
- 18pension plans built in, each with its own rules: the guide to early retirement reductions
- 13provinces and territories, with income after tax: the guide to having enough to retire
- 60–70every CPP and OAS start age, with the clawback and GIS: the guide to when to start CPP
- 2choices side by side, every year of retirement: the income timeline
What it answers
Four questions it helps you answer
Will it be enough to live on?
- Pension
- Bridge
- CPP
- OAS
- Savings
In the example, income after tax is $47,500 a year at 64, under the $55,000 wanted, and $57,600 at 65, over it. Example: yearly income after tax if you retire at 59, against $55,000 wanted.
What does retiring early cost?
In the example, the pension is about $36,000 a year if you retire at 58 and about $50,600 a year if you retire at 62. Example: yearly pension, before tax.
What changes if CPP starts at 60, 65 or 70?
On a CPP estimate of $1,000 a month at 65, CPP pays $640 a month if you start at 60, $1,000 a month if you start at 65, $1,420 a month if you start at 70. Example: monthly CPP before tax, if it's $1,000 at 65.
What do your savings pay each month?
In the example, savings of $300,000 at 65 pay about $1,500 a month if they last until 85, about $1,300 a month if they last until 90, about $1,100 a month if they last until 95. Example: $300,000 at 65, earning 4% a year, before tax.
How it works
See your own timeline in three steps
Your numbers
Enter what you have: your CPP estimate, and any workplace pension, savings or other income.
Compare two options
Pick a retirement age and CPP and OAS start ages for each. See your income for every year of retirement, after tax, and what differs between the two.
Check what it assumes
Every assumption is listed beside the result, and you can change inflation and the return on savings.
No numbers handy?Start with an example
Our commitments
Built to be checked, not just trusted
Private by default
No account needed. Just open it and start.
Independent and unbiased
Not connected to any pension plan, employer or government.
It shows, it doesn't steer
Options sit side by side. It never recommends a choice or a product.
The assumptions are on the page
Every result lists its assumptions and sources, and marks the estimates.
Guides
Retirement terms and decisions, in plain language
Early retirement reduction: what retiring early costs
How a defined benefit plan lowers your pension when you retire before your unreduced date, and why the cost is more than the reduction alone.
2 min read
Should I take CPP at 60, 65 or 70?
How much your Canada Pension Plan retirement pension changes when you start it early or late, with the government's own figures and an example.
2 min read
Bridge benefit: what happens to your pension at 65
What a pension bridge benefit is, why it stops at 65, and how to see whether CPP and OAS fill the gap it leaves.
2 min read
See your whole retirement income before you decide
- Free
- Private
- No sign-up
For anyone in Canada, with or without a workplace pension.