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Retirement calculator


#1

Does anyone have a recommendation for software that has a retirement calculator (client wants to withdraw fixed monthly amount, using different interest rates of returns to determine how long his principal amount will fund his retirement)?
Thanks


#2

@thiessenedgeaccounti

Here are some sample calculators.

RIF calculators

TaxTips
http://www.taxtips.ca/calculator/rrsprrifwithdrawals.htm
http://www.taxtips.ca/calculators/rrsp-rrif/rrsp-rrif-withdrawal-calculator.htm

Retirement Advisor
https://www.retirementadvisor.ca/retadv/apps/rrif/rrif.jsp?toolsSubMenu=post
Inputs

  • RRSP or RIF balance
  • Age
  • Annual withdrawal calculator - min, amt, annual increase
  • Annual investment return
  • Annual inflation

Edward Jones Calculators

  • Retirement savings
  • Emergency fund savings
  • Life insurance requirements at death

https://www.edwardjones.ca/preparing-for-your-future/calculators-checklists/calculators/retirement-savings-calculator.html


#3

Dominique,

Thank you so very much!

Sheryl