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Retirement Income Calculator

See how CPP, OAS, GIS, a work pension and your savings could fit together to pay for retirement, year by year.

Nothing is saved Estimates for information only Last reviewed November 2, 2026 Courtesy of HJ Wu & Company Inc. (CPA)
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Results

Worked out as you move the sliders and not saved. Today's dollars, before tax.

Retiring at 65, spending $4,500/month

Savings at 65$605,356
CPP + OAS + GIS / month at 65$1,662.50
From savings / month at 65$2,837.50
Savings lastto age 90+

Monthly income by age

$0$2,000$4,000$6,000CPP: $900.00OAS (after recovery tax): $762.50Savings withdrawals: $2,837.5065CPP: $900.00OAS (after recovery tax): $762.50Savings withdrawals: $2,837.50CPP: $900.00OAS (after recovery tax): $762.50Savings withdrawals: $2,837.50CPP: $900.00OAS (after recovery tax): $762.50Savings withdrawals: $2,837.5068CPP: $900.00OAS (after recovery tax): $762.50Savings withdrawals: $2,837.50CPP: $900.00OAS (after recovery tax): $762.50Savings withdrawals: $2,837.50CPP: $900.00OAS (after recovery tax): $762.50Savings withdrawals: $2,837.5071CPP: $900.00OAS (after recovery tax): $762.50Savings withdrawals: $2,837.50CPP: $900.00OAS (after recovery tax): $762.50Savings withdrawals: $2,837.50CPP: $900.00OAS (after recovery tax): $762.50Savings withdrawals: $2,837.5074CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.25CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.25CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.2577CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.25CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.25CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.2580CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.25CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.25CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.2583CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.25CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.25CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.2586CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.25CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.25CPP: $900.00OAS (after recovery tax): $838.75Savings withdrawals: $2,761.2589
CPPOAS (after recovery tax)GISWork pensionSavings withdrawalsSpending target
AgeCPPOASGISWork pensionFrom savingsSavings left
65$900.00$762.50$0.00$0.00$2,837.50$594,158
70$900.00$762.50$0.00$0.00$2,837.50$531,081
75$900.00$838.75$0.00$0.00$2,761.25$455,290
80$900.00$838.75$0.00$0.00$2,761.25$367,281
85$900.00$838.75$0.00$0.00$2,761.25$260,205

Savings withdrawals fill the gap between your spending target and everything else, so GIS rises when withdrawals come from a TFSA and falls when they come from an RRSP or RRIF.

How this is worked out, and what it leaves out

Savings grow at the return you choose after inflation until you retire, then you draw what is needed to reach your spending target after CPP, OAS, GIS and any work pension. CPP and OAS are indexed to inflation, so everything is in today's dollars. GIS and the OAS recovery tax are re-worked every year using your CPP, work pension and the taxable part of your withdrawals.

Not included: income tax (the spending target is before tax), investment fees and market ups and downs, one-time costs such as care, a house sale, partner scenarios after a death (use the CPP Survivor calculator), and GIS rules that exempt some employment income. Treat the result as a conversation starter, not a plan.

Your privacy. What you enter is used only to produce this page. It is not saved, stored in a database, emailed or shared, and it is gone when you close or leave the page.
Information only. Estimates in 2026 dollars, before tax. Not tax, legal, financial or pension advice. Service Canada sets your actual benefits.
Rates reviewed November 2, 2026. CPP: January 2026 maximums. OAS/GIS/Allowance: October to December 2026 rates. Not for Quebec residents (QPP rules differ).
New to the terms? See the definitions in plain and technical language, and a map of how it all connects.

Want advice for your own situation?

This free tool is a courtesy of HJ Wu & Company Inc. (CPA), a Vancouver CPA firm offering accounting, tax, financial reporting and review assurance. Tell us what you think of the calculators too.

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