This Canadian retirement calculator is programmed with 2022 tax rates. The app will help you estimate your future after-tax income based on your savings rate in each of your retirement accounts. This strategy brings your registered accounts to $0 at an inflated rate to help create a pension-like retirement plan. You may not want to include any TFSA savings that you do not wish to use for retirement income as this is the most efficient way to pass wealth to your family upon your death.

This app will help you estimate your future income based on your current savings and the current tax brackets. This algorithm helps bring registered accounts to $0 at an inflated rate throughout retirement. Why do we want to do this? To avoid a large tax bill in the final year of your life. Use this app on a regular, or at least annual basis, with your updated values to adjust your retirement withdrawal rate that is matched perfectly to your investment returns and estimated inflation.