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Before making a major financial decision you
should consult a qualified professional.
Click the above
link to open the calculator in a new window.
What retirement
income will your investments provide before they are drawn down to zero? Let our
annual retirement
income calculator figure it out. This is a very simple
calculator!
Input your investment total to see how
long your money will last at different rates of
return. This is a simple table which does not
include the effect of inflation. The withdrawal amounts are
pre-tax amounts. The amount of income tax will depend on the type of
income and your province of residence. The withdrawals will not be 100% taxable
of course - they will consist of capital gains, dividends, perhaps interest, and
withdrawals of capital.
How to get an inflation-adjusted result
If you want to apply inflation and
see how long your investments will last, try our RRSP/RRIF
Withdrawal Calculator, even if your investments are in a non-registered account. You can avoid the minimum annual withdrawals by entering a
very low age instead of your actual age. Using the Max Withdrawal
page, you can determine the maximum amount of withdrawal each year for your
funds to last for a defined # of years. Using the Fixed Withdrawal page, you can see how long your
investments will last for a specified annual withdrawal amount, including or
excluding an inflation factor.
Tax Tips:
Make
your money work for you instead of you working for it.
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