Free Retirement Calculator for Canada
Retirement planning in Canada is more complicated than most generic calculators assume. Your retirement income depends on your RRSP and TFSA balances, CPP and OAS claiming age, province, and the tax rules for each withdrawal. A flat 30% tax assumption, which many free tools use, can throw your projections off by hundreds of thousands of dollars over a 30-year retirement.
cinder.fi is a retirement calculator built for Canadians. It runs federal and provincial tax calculations for all 13 provinces and territories, using the actual bracket math including provincial surtaxes, credits, and the OAS clawback at higher income levels. Enter your current savings, expected contributions, and spending target, and cinder.fi projects your retirement picture year by year.
The calculator models RRSP, TFSA, LIRA, DC Pension, FHSA, and RDSP account types, each with their correct contribution rules and tax treatment. CPP and OAS benefits are modeled at any claiming age from 60 to 70, and the GIS (Guaranteed Income Supplement) is included for lower-income retirees. For Quebec residents, QPP and provincial credits replace the federal equivalents automatically.
What cinder.fi Adds
- All 13 provinces and territories: real marginal tax rates, including Alberta’s flat tax, Quebec’s surtax, and territorial structures, not a national average.
- CPP/OAS at any claiming age: See how delaying CPP from 65 to 70 adds roughly 42% to your benefit, and whether the higher lifetime payout is worth the wait given your health and savings.
- GIS modeling: if your projected retirement income falls below the GIS threshold, the calculator includes the benefit and shows how RRSP withdrawals can trigger a clawback.
- RRIF mandatory withdrawals: the calculator applies the RRIF minimum withdrawal schedule starting at age 72, projecting the tax hit and estate impact.
- RRSP meltdown planning: model RRSP drawdowns in your early retirement years to reduce future mandatory withdrawals and minimize OAS clawback risk.
- Monte Carlo simulations: run 1,000+ scenarios with randomized market returns to see the probability your plan survives 30 years, not just the average case.
- Budget integration: import actual spending data via CSV, OFX, or YNAB so your projections use real numbers.
Start With Your Situation
Enter your income, savings, and province, and cinder.fi shows your year-by-year retirement picture using federal and provincial tax brackets. See when you can retire and how much you’ll have.