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One of the most important aspects of your financial plan is to make sure you will have money to last you through your retirement years.
The amount of money that you will have to fund your retirement will depend on several factors including: when you plan to retire, the return on your investments, when you start investing, your income expectations, inflation and how much you expect to receive in company and government pension benefits.
See also: Canadian Retirement Infographic
The higher the rate of return on your retirement savings, the longer your money will last. The lower your income need, the longer your money will last. This calculator estimates how long your retirement savings will last if you make regular, annual income withdrawals and factors in inflation.