This worksheet allows you to determine the funds you require to meet the needs and goals you have for your retirement. Simply answer the following questions and then press calculate to view the results. If you have any questions, please contact us and we would be happy to review your results with you in detail.

Please do not enter commas, periods or decimals when entering numbers into the spaces below. To move between entries, please use the 'tab' key.
Some Information About You
Please enter your current age:
Please enter your desired retirement age:
Please enter your estimated number of years in retirement (i.e. how many years will you live after you retire?):
 
A Few Assumptions
Please enter an estimate for the average annual rate of inflation:
 %
Please enter an estimate for the average annual rate of return on your investments:
%
 
Your Retirement Needs
Please enter, in current dollars, the annual income you would like to have during retirement:
Please enter the amount of money you have on hand today for your retirement (i.e. how much do you have saved or invested currently for your retirement?):
Please enter the amount of money per year you expect to derive from sources other than your own retirement savings (i.e. how much per year will you receive from your company pension, CPP, OAS, etc.?):
 
 
Based on the amounts that you entered, here are the results:
Your desired annual retirement income in today's dollars is equivalent to $ when you retire.
Given the amount of money you expect to derive from sources other than your own retirement savings, you need to provide for $ annually through your retirement savings.
To achieve your goals, you will require $ at retirement.
The total amount of savings you currently have on hand will grow to become $
Therefore, you need to save $ by retirement.
To achieve this goal, you need to set aside $ every year until you retire.
How did you do? Are your goals achievable? Are they realistic? Not quite sure how to make it all happen? Print this page out for your records, then return to the previous page and enter in slightly different variables (e.g. what happens if you retire 3 years sooner or if the inflation rate is 1% higher?).

Please feel free to contact us to discuss your results in detail and develop an effective plan to ensure your retirement lives up to your expectations.