Free tool · Simulation · Retirement
How much do you need to save to retire comfortably? This calculator lets you estimate your future capital and the monthly income you could draw from it, taking into account compound interest, inflation, and your investment horizon.
Adjust the parameters below for a personalized simulation. Results update instantly.
The nominal capital is the gross value of your portfolio at retirement, in future dollars. The real capital is that same amount converted to today's purchasing power, after accounting for inflation. It's this last figure that best reflects what you'll actually be able to afford.
The withdrawal rate is the percentage of capital you withdraw each year in retirement. The 4% rule is often cited as a starting point: it suggests a well-diversified portfolio can theoretically support annual withdrawals of 4% for 30 years or more. This is not a guarantee — it's a planning benchmark.
The return you enter has a considerable influence on the results. Markets don't progress linearly: some years are excellent, others are negative. This calculator assumes a constant return, which is a simplification. Actual results will depend on market conditions over time.
Limits of this simulation: this calculator does not account for taxes on withdrawals (unless you use a TFSA), QPP contributions, Old Age Security (OAS), or changes in your income and expenses over time. It is designed to give a rough order of magnitude, not a certified projection.
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Open Wealthsimple → All tools →This is a simulation tool for informational purposes only and does not constitute financial advice. The projections shown are based on simplified assumptions and do not guarantee any outcome. Consult a certified financial planner for advice tailored to your situation.