Retirement saving tools

Part of Registered and Retirement Accounts

Retirement tools explore income and spending assumptions. Registered accounts govern tax treatment and withdrawal conditions. Choose the tool by your decision: a retirement budget highlights cash-flow gaps, while retirement-account guidance explains withdrawal obligations.

Compare the 4 listed products below. Open a product for its terms and source links. Missing terms are not confirmed.

Government of Canada

Canadian Retirement Income Calculator

Estimate retirement income from public pensions, workplace pensions and savings. The government cautions that estimates are not a financial plan.

Resource type: Educational calculator, not a pension offer.
Income sources: CPP, OAS, employer pensions, RRSP, TFSA and other income.
Preparation: Pension statements, savings records and Canadian residence history.

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Ontario Securities Commission

GetSmarterAboutMoney Financial Resources

Investor education and calculators for budgeting, investing costs, education savings and home savings. Outputs illustrate assumptions, not guaranteed results.

Resource type: Educational resource, not an investment offer.
Investment tools: Fee Calculator and Mutual Fund Fee Calculator.
Household tools: Cash Flow, Emergency Fund and Net Worth calculators.

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RBC Royal Bank

RBC Retirement Budget Calculator

Compare income and expenses to explore retirement cash flow. Replace dated default pension examples with current personal estimates.

Caution: Linked budget interface includes dated pension examples; use current figures.
Resource type: Educational calculator, not an investment offer.
Workflow: Income, expenses and results.

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TD Canada Trust

TD Retirement Calculator

Explore retirement savings needs through an interactive planning calculator. Results are estimates, not an investment account or guaranteed outcome.

Purpose: Retirement savings planning.
Resource type: Educational calculator, not an investment offer.
Delivery: Interactive web application.

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Costs to compare

Check account, investment and transaction costs separately from tool access. Verify current personal pension estimates rather than relying on old defaults.

Risks and restrictions

A projection is not guaranteed income. Outdated assumptions or misunderstood withdrawal rules can produce misleading results.

Common questions

Is a retirement calculator a retirement account?

No. A calculator estimates scenarios; an account holds money or investments.

Sources for this guidance

Official guidance and provider information

What to check before choosing retirement saving tools

Your goal

Distinguish retirement, first-home and education saving needs.

Personal eligibility

Verify contribution room, residency rules and withdrawal conditions.

Provider costs

Compare administration, investment and transfer fees, plus available holdings.

Contribution limits and tax consequences depend on the account and your circumstances. Check CRA guidance before contributing.

Before you visit a provider

Confirm current fees, rates and eligibility directly with the provider. Product terms can change over time. A listed product is not a recommendation or a promise of approval.

Availability must be confirmed for your province or territory. If product-specific location or eligibility information is missing, it is not confirmed.

For further guidance, visit Canada Revenue Agency: registered plans.

This is general information, not personalized advice. Read our editorial policy and affiliate disclosure.