How much should I save for retirement?
Calculating your retirement income requirements can be a difficult task. The amount you need to save now depends on your current income, interest rates, and your contribution patterns.
Based on these assumptions, our Retirement Calculator tool will determine how much will be available to you at your retirement.
Before you begin, you should try to estimate what your retirement income needs will be. How much money will you need on an annual basis to live comfortably in your retirement years? Once you have a rough idea of this amount, you can enter your current income and RSP contribution information to find out how much you will need to put into savings to reach your retirement goals.