June 24, 2020
Author: The Link Between
The age-old question when planning for retirement is ‘how much do I need to save’. This calculator asks you how much annual income you’d like in retirement and for how long and gives you an idea of how much capital you’ll need to save before retirement to make your dream a reality.
** please note
The annual income is paid at the beginning of the year. Calculations use marginal tax rates as of January 2021. Rates take all federal and provincial taxes and surtaxes into account and the basic personal tax credit. The taxes on the rate of return are calculated using these marginal tax rates: 29.65% for Interest, 14.83% for Eligible Dividends and 6.39% for Capital Gains.