Which accounts are best for retirement saving?

Common options include TFSA, RRSP, and non-registered savings. The best mix depends on income, tax bracket, time horizon, and goals. An advisor can recommend an optimal structure after reviewing your situation.

Quick Retirement Checkup - Green Mountain Financial Services Inc.

Retirement

Retirement Savings Planner

A quick retirement readiness estimate in today’s dollars, plus a clear monthly contribution plan.

See if you’re on track — and get a personalized contribution plan.

Calculate your projection

Current age

Retirement age

Current savings (CAD)

Monthly contribution (CAD)

Expected return (nominal %)

Inflation (%/yr)

Desired retirement income (annual, CAD)

Assumptions: contributions monthly; “real” values are inflation-adjusted. This tool is educational and not personalized advice.

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How the Retirement Planner Works

Enter your age, retirement age, current savings, and monthly contributions.
Add a reasonable expected return and inflation rate to estimate “today-dollar” results.
Review your projected nest egg and a simple 4% rule target to see if there’s a gap.
Request a review to receive practical next steps (accounts + contribution strategy + annual check-in plan).

Helpful Resources

Looking for a quick starting point? Try our Quick Financial Checkup, explore Tools & Insights, or book a complimentary consultation on our Contact page.

Note: This tool provides an educational estimate and does not replace individualized financial advice. Actual results depend on product selection, fees, taxes, market performance, and personal circumstances.

Retirement Planner FAQs

Is this retirement calculator “accurate”?

It’s a well-structured estimate based on the assumptions you enter (return, inflation, contributions). Real-world planning also considers taxes, fees, account types, risk tolerance, and retirement income sources (CPP/OAS/pensions). Use this as a starting point, then we’ll refine it.

What return and inflation should I use?

A conservative approach is usually best: moderate long-term return assumptions and realistic inflation. If you’re unsure, run two scenarios (conservative and optimistic) and we’ll discuss a sensible range for your profile.

What does the “4% rule” mean?

It’s a simple benchmark used to estimate sustainable retirement income from a portfolio. It’s not a guarantee and may be adjusted based on retirement length, market conditions, and spending patterns.

Which accounts are usually best for retirement saving?

Common options include TFSA, RRSP, FHSA (when relevant), and non-registered savings. The “best” mix depends on income, tax bracket, goals, timeline, and whether you’ll need funds before retirement. We’ll recommend a structure after reviewing your inputs.

How often should I review my retirement plan?

Typically annually, plus after major life events (new job, income change, home purchase, marriage, new child, inheritance, or a large expense). A simple annual review keeps contributions and investment strategy aligned.