Your Numbers
Today’s dollarsAfter tax, in today’s dollars. What your life actually costs.
Annual defined benefit payment, if you have one.
Most people land below the maximum. Your Service Canada statement has the exact figure.
What Covers Your Spending, Age 65 to 95
Today’s dollarsPoint at any year to read it.
Monthly spending
$7,500
at age 65
Guaranteed monthly
$1,730
after tax
Monthly gap
$5,770
your savings must cover this
Closing the Gap
Two figuresExtra saving needed each month
$1,240
from now until you retire
Or extra capital at retirement
$310,000
in today’s dollars
Routes your request to the nearest Ventum office.
Both figures are above, and your projection is on the way. Your nearest office is Toronto.
What this tool does and does not do
This is an illustration, not financial, tax or legal advice, and not a recommendation to buy or sell anything. Results are estimates produced from the figures you enter and will not match your actual retirement outcome. Investment returns are not guaranteed and past performance does not predict future results.
Simplifications you should know about. Everything is shown in today’s dollars using a real rate of return. CPP and OAS are treated as fully indexed to inflation and use current published maximums, which change every year. Tax is applied as a single effective rate you choose, not a marginal bracket calculation, and provincial differences are ignored. The OAS recovery tax is estimated. Savings are drawn non-registered first, then registered, then TFSA, which may not suit your situation. Minimum RRIF withdrawals, insurance, real estate, business interests, spousal income splitting and estate objectives are not modelled. A real plan accounts for all of it.
Prototype for internal review. Figures, derived chart colours and disclosure language pending brand and compliance approval.