RSP Contribution Calculator

If you currently have a savings program in place,
or are planning to invest an amount in your RSP,
use this tool to determine how much will be available for your retirement.

  Personal Information
      1. What is your current age?    
      2. At what age do you plan to retire?    
      3. Number of years of retirement?    
  Retirement Expectations
      4. What is the annual income you think you will require
        when you retire (in today's dollars on a pre-tax basis). 		$    
          (As a general rule of thumb, you'll need 60%-80% of your pre-retirement income
        after you retire to live the same lifestyle you're living today) 		   
      5. Do you expect to receive some of this income from a
        company pension plan? 		Yes No    
          Typically, the breakdown between these sources are as follows: If you answered Yes to the
        above, the calculation will assume that you need 40% from your RSP, 30% from your
        Company Pension, and 30% from Government/Other Sources. If you answered No it will
        assume that you will need 70% from your RSP and 30% from Government/Other Sources.
        If you feel that a different breakdown is more appropriate to your circumstances, you can
        change the assumed percentages by entering the new figures in the boxes.
    
  % RSP  % Company Pension % Government    
  Current Contributions
      6. What is the approximate value of your Current RSP
         holdings? 		$    
      7. What amount are you currently contributing to your
         RSP? 		$    
      8. Contribution frequency?    
      9. Annual inflation estimate? %    
    10. Average assumed rate of return on retirement savings? %