More and more Canadians are realizing that they should be taking steps now to ensure financial independence in retirement. Achieving that depends on a combination of factors, such as the number of years until retirement, and the number of years the income will be required as well as various assumptions such as return, inflation and average tax rates.

Note: Contributions to registered plans are assumed to be within your allowable contribution limit. Capital depletes to zero over years income needed.

These calculations and projections are for demonstration purposes only. They are based on a number of assumptions and consequently actual results may differ, possibly to a material degree.