Retirement Calculator

How much will you need to retire? How long will your savings last? Use the Retirement Calculator to answer these questions and find out whether your current plan will get you there.
Note: This tool takes about five minutes to complete.

Tell us about yourself:

Disclaimer

This tool is for illustrative purposes only, and the information obtained herein is not, and should not be construed as, investment or financial advice to any party. Particular investment decisions or strategies should be evaluated relative to each individual. This tool is not a substitute for completing a retirement plan or consulting an investment professional. The information and data contained herein are not intended to be a definitive analysis nor to represent the actual performance of your personal investment portfolio over any given time period and may not accurately represent past, current or future conditions, such as assumptions of tax rates and rates of inflation. Investment results may vary on the accuracy and completeness of the data provided and have been compiled or arrived at from sources believed reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness. Mawer Investment Management Ltd. accepts no liability whatsoever for any loss or costs arising from any use of this tool or its contents. When you are ready to explore your retirement and investment options in greater detail, please contact us at info@mawer.com

Tell us about your current and future retirement savings:

(expanded)Registered Accounts (RRSP)
(collapsed)Registered Accounts (TFSA)
(collapsed)Other Taxable Accounts (Individual, Joint, Corporate)
(collapsed) Retirement Income

Risk Profile

Which risk level best reflects your current investment strategy? It is used to estimate future investment values.

Select your risk level
Low
Low-Medium
Medium
Medium-High
High
Low

My goal is to generate income and offset inflation. I will accept some risk and expect a small amount of short term volatility.

Estimated amount of equities in my portfolio: 20%Estimated rate of return*: %

*Rate of return projections represent average annual compounded rates of return before inflation. They are projections from Mawer Investment Management Ltd. and are not intended to be definitive analysis nor to represent the actual performance of your investment portfolio over any given time period and may not accurately represent past, current or future conditions. Please be aware that projections, by their very nature, are based on a variety of assumptions and the smallest of changes in assumptions can have a dramatic impact on the projected outcomes. These projections are used for planning purposes and should not be construed as a prediction or guarantee of future results.

Low-Medium

My goal is modest growth over the long term. I will accept some risk and expect a modest amount of short term volatility.

Estimated amount of equities in my portfolio: 40%Estimated rate of return*: %

*Rate of return projections represent average annual compounded rates of return before inflation. They are projections from Mawer Investment Management Ltd. and are not intended to be definitive analysis nor to represent the actual performance of your investment portfolio over any given time period and may not accurately represent past, current or future conditions. Please be aware that projections, by their very nature, are based on a variety of assumptions and the smallest of changes in assumptions can have a dramatic impact on the projected outcomes. These projections are used for planning purposes and should not be construed as a prediction or guarantee of future results.

Medium

My goal is growth over the long term. I will accept a medium level of risk and expect a moderate amount of short term volatility.

Estimated amount of equities in my portfolio: 60%Estimated rate of return*: %

*Rate of return projections represent average annual compounded rates of return before inflation. They are projections from Mawer Investment Management Ltd. and are not intended to be definitive analysis nor to represent the actual performance of your investment portfolio over any given time period and may not accurately represent past, current or future conditions. Please be aware that projections, by their very nature, are based on a variety of assumptions and the smallest of changes in assumptions can have a dramatic impact on the projected outcomes. These projections are used for planning purposes and should not be construed as a prediction or guarantee of future results.

Medium-High

My goal is above average growth over the long term. I will accept a higher level of risk and expect a relatively high amount of short term volatility.

Estimated amount of equities in my portfolio: 80%Estimated rate of return*: %

*Rate of return projections represent average annual compounded rates of return before inflation. They are projections from Mawer Investment Management Ltd. and are not intended to be definitive analysis nor to represent the actual performance of your investment portfolio over any given time period and may not accurately represent past, current or future conditions. Please be aware that projections, by their very nature, are based on a variety of assumptions and the smallest of changes in assumptions can have a dramatic impact on the projected outcomes. These projections are used for planning purposes and should not be construed as a prediction or guarantee of future results.

High

My goal is a high level of growth over the long term. I will accept a high level of risk and expect a significant amount of short term volatility.

Estimated amount of equities in my portfolio: 100%Estimated rate of return*: %

*Rate of return projections represent average annual compounded rates of return before inflation. They are projections from Mawer Investment Management Ltd. and are not intended to be definitive analysis nor to represent the actual performance of your investment portfolio over any given time period and may not accurately represent past, current or future conditions. Please be aware that projections, by their very nature, are based on a variety of assumptions and the smallest of changes in assumptions can have a dramatic impact on the projected outcomes. These projections are used for planning purposes and should not be construed as a prediction or guarantee of future results.

Select your
risk level

Low

Low-Medium

Medium

Medium-High

High

Low

My goal is to generate income and offset inflation. I will accept some risk and expect a small amount of short term volatility.

Estimated amount of equities in my portfolio: 20%
Estimated rate of return*: %
Low-Medium

My goal is modest growth over the long term. I will accept some risk and expect a modest amount of short term volatility.

Estimated amount of equities in my portfolio: 40%
Estimated rate of return*: %
Medium

My goal is growth over the long term. I will accept a medium level of risk and expect a moderate amount of short term volatility.

Estimated amount of equities in my portfolio: 60%
Estimated rate of return*: %
Medium-High

My goal is above average growth over the long term. I will accept a higher level of risk and expect a relatively high amount of short term volatility.

Estimated amount of equities in my portfolio: 80%
Estimated rate of return*: %
High

My goal is a high level of growth over the long term. I will accept a high level of risk and expect a significant amount of short term volatility.

Estimated amount of equities in my portfolio: 100%
Estimated rate of return*: %

*Rate of return projections represent average annual compounded rates of return before inflation. They are projections from Mawer Investment Management Ltd. and are not intended to be definitive analysis nor to represent the actual performance of your investment portfolio over any given time period and may not accurately represent past, current or future conditions. Please be aware that projections, by their very nature, are based on a variety of assumptions and the smallest of changes in assumptions can have a dramatic impact on the projected outcomes. These projections are used for planning purposes and should not be construed as a prediction or guarantee of future results.

Disclaimer

This tool is for illustrative purposes only, and the information obtained herein is not, and should not be construed as, investment or financial advice to any party. Particular investment decisions or strategies should be evaluated relative to each individual. This tool is not a substitute for completing a retirement plan or consulting an investment professional. The information and data contained herein are not intended to be a definitive analysis nor to represent the actual performance of your personal investment portfolio over any given time period and may not accurately represent past, current or future conditions, such as assumptions of tax rates and rates of inflation. Investment results may vary on the accuracy and completeness of the data provided and have been compiled or arrived at from sources believed reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness. Mawer Investment Management Ltd. accepts no liability whatsoever for any loss or costs arising from any use of this tool or its contents. When you are ready to explore your retirement and investment options in greater detail, please contact us at info@mawer.com

Your Results

Below is your current retirement scenario based on the inputs provided. This includes your projected retirement need, projected retirement savings and your projected surplus or shortfall. There are many factors that can affect your results. To see the impact of changing selected inputs, please use the “Edit Your Results” tool.

If you wish to discuss your results in more detail, please contact us. We are here to answer any of your questions and to help you achieve your goals.

Retirement Scenario Projected Retirement Need:The amount you will need in your year of retirement given your desired annual income after taxes in retirement. Projected Retirement Savings:Based on your inputs, this is the amount your current savings are projected to grow to by your year of retirement. Contributions/ Withdrawals Post Retirement:The value of your post-retirement lump sum contributions and withdrawals at retirement. Projected Surplus or Shortfall:If you have a shortfall, we recommend either increasing your savings, decreasing your income needs in retirement, or extending your date of retirement. If you have a surplus, please note that a surplus can disappear with a rate of return that is lower than what we projected based on your stated risk rating. You may want to “stress test” your surplus by selecting a lower risk rating, which will result in a lower projected rate of return.
Current $999,999,999 $999,999,999 $999,999,999 $999,999,999
Revised* $999,999,999 $999,999,999 $999,999,999 $999,999,999
Projected Retirement Need:The amount you will need in your year of retirement given your desired annual income after taxes in retirement.
Current $999,999,999
Revised* $999,999,999
Projected Retirement Savings:Based on your inputs, this is the amount your current savings are projected to grow to by your year of retirement.
Current $999,999,999
Revised* $999,999,999
Contributions/Withdrawals Post Retirement:The value of your post-retirement lump sum contributions and withdrawals at retirement.
Current $999,999,999
Revised* $999,999,999
Projected Surplus or Shortfall:If you have a shortfall, we recommend either increasing your savings, decreasing your income needs in retirement, or extending your date of retirement. If you have a surplus, please note that a surplus can disappear with a rate of return that is lower than what we projected based on your stated risk rating. You may want to “stress test” your surplus by selecting a lower risk rating, which will result in a lower projected rate of return.
Current $999,999,999
Revised* $999,999,999
Current Projected Retirement Savings
Revised Projected Retirement Savings
Savings
+/- 0.5% Rate of return
Edit Your Results
See assumptions
Disclaimer

This tool is for illustrative purposes only, and the information obtained herein is not, and should not be construed as, investment or financial advice to any party. Particular investment decisions or strategies should be evaluated relative to each individual. This tool is not a substitute for completing a retirement plan or consulting an investment professional. The information and data contained herein are not intended to be a definitive analysis nor to represent the actual performance of your personal investment portfolio over any given time period and may not accurately represent past, current or future conditions, such as assumptions of tax rates and rates of inflation. Investment results may vary on the accuracy and completeness of the data provided and have been compiled or arrived at from sources believed reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness. Mawer Investment Management Ltd. accepts no liability whatsoever for any loss or costs arising from any use of this tool or its contents. When you are ready to explore your retirement and investment options in greater detail, please contact us at info@mawer.com

**The ‘Projected Retirement Need’ field in the revised scenario may differ from the current scenario because of the revised scenario’s tax implications.