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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.
Make your money work for you instead of you working for it.
Plan to live off your dividends!
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Revised: October 26, 2023
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