Canadian-focused retirement drawdown model

Canadian Retirement Drawdown Planner

Model your RRSP, TFSA, and non-registered withdrawals using 2024 federal + Ontario tax brackets, CPP/OAS, and inflation-adjusted income targets.

Built for Canadian DIY investors, pre-retirees, and planners who want to see if their portfolio can fund their spending through retirement.

Educational tool only. Not tax, investment, or financial advice. Assumptions are simplified and may not match your exact situation.

Important disclaimer
This tool is for educational and illustrative purposes only. It does not provide financial, tax, or investment advice. Please consult a qualified professional before making any decisions.
How to use this tool
  • Start with the default assumptions, then tweak ages, balances, and income to match your situation.
  • Click “Calculate Retirement Projection” to see year‑by‑year balances, income, and estimated taxes.
  • Use the charts and table to see whether your portfolio is projected to last to your life expectancy.

Assumptions: 2024 Canadian federal + Ontario tax brackets, simple RRSP‑first withdrawal order, constant real return, and inflation‑adjusted spending. Real life is messier—treat this as a rough planning aid, not a precise tax engine.

Retirement Parameters
Enter your current financial situation and retirement goals

Total you plan to add across RRSP/TFSA each year until retirement.

Tip: Start with reasonable assumptions (e.g., retirement 60–70, life expectancy 90–100, returns 3–6%) and adjust to see how your plan changes.

Current Assets
RRSP
$500,000
TFSA
$100,000
Non-Registered
$200,000
FAQ & assumptions
Quick answers about how this tool works and what it is (and isn’t) meant for.

What does this tool do?

It simulates your RRSP, TFSA, and non-registered balances from today through retirement, using a simple withdrawal order (RRSP first, then non-registered, then TFSA), and estimates income taxes using 2024 Canadian federal and Ontario tax brackets.

What assumptions are built in?

  • Constant annual return and inflation rate that you choose.
  • CPP and OAS are entered as monthly amounts and treated as fully taxable income.
  • RRSP withdrawals and non-registered withdrawals are taxed; TFSA withdrawals are tax-free.
  • Tax rules are simplified and may not capture every credit, deduction, or edge case.

Is this financial or tax advice?

No. This is an educational, illustrative tool only. It is not personalized financial, tax, or investment advice. Always confirm numbers with a qualified professional before making important decisions.

Not affiliated with the CRA or any government agency. Results are estimates only and may differ from your actual tax situation.