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Home  ->  Calculators  - > Annual Retirement Income Calculator

Annual Retirement Income Calculator

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.

Plan to live off your dividends!

Check out our other calculators.

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Revised: October 26, 2023


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