Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Annual Retirement Income Calculator TaxTips.ca
Canadian Tax and
Financial Information
TaxTips.ca Home

What's New

Links & Resources

Site Map

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with TaxTips.ca!
TaxTips.ca Calculators -> Annual Retirement Income Calculator information page   This calculator will retain data for you, using cookies on your own computer.  If you don't want this, click Reset before closing the web page.  Not retaining data?  See our main Calculators page.
Annual Withdrawals From Investments 
Yellow cells can be changed - results are calculated automatically once you press enter.
Input the first number of years, others will be in 5-year increments.
Where the rate of return row and # of years column intersect shows annual withdrawal amount.
Assumes withdrawals are made at the end of each year.
No allowance is made for inflation.
Investment market value at start of retirement   
% Rate of
Return
Years the money will last until investments drawn down to zero
Annual withdrawal amount - before any applicable income tax
After-tax amount will depend on type of income and province of residence.
Part of income will be non-taxable withdrawal of capital when investments are being cashed out - only 50% of the capital gains will be taxed.
See our articles: How Much Money Do You Need To Retire?
Historical Investment Returns on Stocks, Bonds, T-Bills
Use the Canadian Tax Calculator to estimate your taxes.
TaxTips.ca - Calculate Annual Withdrawals From Investments
Investment market value at start of retirement   
% Rate of
Return
Years the money will last until investments drawn down to zero
Annual withdrawal amount - before any applicable income tax
After-tax amount will depend on type of income and province of residence.
Part of income will be non-taxable withdrawal of capital when investments are being cashed out - only 50% of the capital gains will be taxed.

Questions or comments on the Annual Retirement Income Calculator? 
We normally reply within 1 business day - no reply? Check your spam folder.
 

Revised: October 26, 2023

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  See What’s New, stay connected with TaxTips.ca by RSS or Email
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.