Retirement · FIRE
Retirement Calculator
Find your retirement number: how much you need saved, the earliest age you can stop working, and what CPP, OAS and tax do to it.
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How we work out your number
We start from what you want to spend each year after tax, in today's dollars, and work out the pre-tax income that pays for it in your province, using the same tax engine as all our calculators.
From your CPP start age and from 65, CPP and Old Age Security pay part of that income. Your savings cover the rest until age 95. Your retirement number is what you need on the day you retire to make those withdrawals, growing at your return after inflation.
The popular 4% rule (25 times your spending) gives a similar figure for early retirees. Our number is usually lower for people retiring near 65, because CPP and OAS start soon after.
Sources: Canada.ca: CPP amounts · Canada.ca: OAS payments
Frequently asked questions
How much do I need to retire in Canada?
It depends on your spending. As a rule of thumb, 25 times the yearly amount your savings must cover. CPP and OAS reduce that, which is why the calculator subtracts them from age 65.
What is FIRE?
Financial Independence, Retire Early: saving a large share of your income so your investments can pay your living costs long before 65.
How much is CPP in 2026?
The maximum CPP retirement pension at 65 is $1,507.65 a month in 2026; the average for new retirees was $858.34 in July 2026. Taking it at 60 cuts it by 36%; waiting to 70 raises it by 42%.
How much is OAS?
Up to $762.50 a month at 65 to 74 and $838.75 at 75 and over (October to December 2026), if you've lived in Canada for 40 years after age 18. It's reduced at higher incomes.
Keep growing your savings
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