The question underneath every retirement plan is whether the money lasts. This runs your savings forward to the day you stop working, then draws them down year by year against the income you actually want — with RRIF minimums, CPP, Old Age Security and the OAS clawback all in the same model, on 2026 British Columbia rates.
Where you are today
What actually goes into the accounts.
What you want
In today's dollars. Indexed to inflation from there.
The answer
Your money lasts to
Left at 95
OAS clawed back, lifetime
Where the income comes from
What is left in the accounts
What this assumes
British Columbia, 2026 rates, held flat in real terms. Tax includes the basic personal amount, the federal age amount (reduced by 15% of income over $46,432) and the federal and BC pension income amounts. The BC age amount is not modelled, which overstates tax slightly — the projection is conservative by about $330 a year.
Drawdown order: CPP and OAS first, then the RRIF minimum once it is mandatory at 71, then non-registered, then the RRIF above its minimum, and the TFSA last. Leaving the TFSA until the end shelters growth and keeps income — and the OAS clawback — down.
Any income above your target is reinvested in the non-registered account, and any shortfall is drawn from the next account in the order until everything is gone.
Your non-registered account is assumed to have a cost base equal to its current value, and 35% of its return is treated as interest and dividends taxed each year, the rest as capital gain at the 50% inclusion rate when sold.
CPP and OAS are indexed to the same inflation rate as your spending. Your CPP figure is what you would get at 65; starting earlier costs 0.6% a month, later adds 0.7% a month.
RRSP contributions generate a refund that is not added automatically. If you reinvest yours, include it in the saving figure.
One rate of return every year, in every account, with no sequence-of-returns risk. Real markets do not behave this way, and a poor decade right after you retire does far more damage than the same decade later.
The projection runs to age 95 and assumes a single person. Pension splitting, a spouse's income and credits, GIS, and any defined-benefit pension are not modelled.
This calculator is an illustration, not advice, and a retirement projection is the most assumption-heavy thing on this site. Small changes to return, inflation or life expectancy move the answer by years. Treat the shape as informative and the precise ages as a starting point for a conversation with Brent, not a conclusion.
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