Most retirement calculators ask how much you want to save. This one asks how you want to live.
Figure out what your ideal life actually costs, see where you stand today, and find out what it takes to get there.
1. What does your ideal life cost?
Think about the life you want to live in retirement — not just surviving, but actually living.
Morning coffee at your favourite spot. A garden. Travel. Time with grandkids.
What does that life cost each month?
What you'd spend each month to live the life you want
Small changes compound into big differences. Here's what each lever does to your timeline.
Spend $200/mo less
Save $200/mo more
Work 2 more years
Assumptions & fine print
The 4% rule: This calculator uses the 4% safe withdrawal rate (your annual spending × 25 = your target number). Research suggests a portfolio invested in a diversified mix of stocks and bonds can sustain 4% annual withdrawals for 30+ years.
Returns are real (inflation-adjusted): A 6% return assumption roughly reflects a balanced portfolio after inflation. Your actual returns will vary year to year.
CPP and OAS are not included: This is intentionally conservative. CPP (up to ~$1,365/mo at 65 in 2026) and OAS (up to ~$727/mo at 65) will reduce what you need from your portfolio. Think of them as a bonus cushion.
Tax is simplified: In retirement, withdrawals from RRSPs and non-registered accounts are taxed. TFSA withdrawals are tax-free. Your actual spending power depends on your account mix. Saskatchewan's provincial tax rates are moderate compared to most provinces.
Saskatchewan context: Lower housing costs, no PST on many essentials, and relatively affordable recreation make the prairies one of the best places in Canada to retire affordably.
This is not financial advice. It's a thinking tool. Talk to a fee-only financial planner if you want a personalized plan.
Want help building a plan that fits your life?
A good financial plan doesn't start with spreadsheets — it starts with what matters to you.