Retirement Income Gap Calculator
Government benefits rarely cover the lifestyle people picture in retirement. This tool stacks your estimated CPP, OAS and any pensions against the income you actually want, then sizes the monthly gap — and the nest egg needed to fund it.
Your numbers
Drag to explore. Nothing is saved.
Result
There’s a ~$780,000 shortfall. Closing it means some mix of higher contributions, lower-fee products and a portfolio built for the job.
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Frequently asked
How much do I need to retire in Canada?
A common rule of thumb is the capital needed equals your annual income gap divided by a ~4% safe withdrawal rate. This tool does that math after subtracting your CPP, OAS and pensions.
How much is CPP and OAS?
Amounts vary by your contribution history and age. As a rough guide, average CPP is well under the maximum, and OAS tops out around $700/month — this tool lets you enter your own estimates from your My Service Canada account.
What is the 4% rule?
It’s a guideline that you can withdraw about 4% of a portfolio per year, adjusted for inflation, with a low chance of running out over a 30-year retirement. It’s a starting point, not a guarantee.
Illustrative estimates for education only — not investment, tax, or insurance advice. Figures assume constant returns and simplified rules; your situation will differ. Speak with a licensed professional before acting.