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Find out how much you will need to save for retirement and if you're on track to meet your retirement savings goal.
Take 2 minutes to get your results.
*Your calculation includes an assumed amount for Canada Pension Plan (CPP)/ Quebec Pension Plan (QPP) and Old Age Security (OAS).
Try adjusting some of the numbers below to see how your savings can increase or decrease.
| Age 65: $1,400/month | Age 65: $750/month |
|---|---|
| Projected savings: $2,556,771 | Adjusted savings: $1,410,717 |
Raising your registered retirement savings contribution to $1,400/month will increase your total retirement savings to $2,556,771
.
Congratulations! By saving $1,400/month, you will reach your retirement savings goal and have $2,556,771 left over.
Changing the amount you're saving per month to $1,450 will change your total retirement savings to $2,640,044 with a surplus of $2,640,044.
Raising your registered retirement savings contribution to $1,400/month will increase your total retirement savings to $2,556,771.
Congratulations! By saving $1,400/month, you will reach your retirement savings goal and have $2,556,771 left over.
Changing the amount you're saving per month to $1,450 will change your total retirement savings to $2,640,044 with a surplus of $2,640,044.
Based on what you’ve told us about yourself, you might find these helpful...
Tips to help you look after your finances.
Ideas for getting and staying healthy.
Other helpful retirement savings resources.
Talk to an advisor about the best strategy for your retirement savings goals
An advisor can help you put together a retirement savings plan that is right for your needs.
Find an advisorA Sun Life Financial advisor will contact you in the next 3 business days to schedule a time to meet to discuss your results and offer insight and guidance with your insurance or investment needs.
In the meantime, learn a little about what a first meeting with an advisor is all about, and see the impact working with an advisor can have on your future.
Have a great first meeting and remember there's no cost to talk to an advisor.
An advisor will contact you in the next 3 business days to schedule a time to meet to offer insight and guidance with your insurance or investment needs.
In the meantime, learn a little about what a first meeting with an advisor is all about, and see the impact working with an advisor can have on your future.
Have a great first meeting and remember there's no cost to talk to an advisor.
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The expected annual retirement income of $x is close to the estimated amount you would receive from the Canada Pension Plan (CPP) and Old Age Security (OAS). However, this may not be enough to meet your retirement needs.
Increase How much you'll need in retirement (annually) to a value that will comfortably provide you with enough income in retirement.
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