How long will my savings last?
It depends on four numbers: what you have, what you take out each year, what it earns, and how fast your spending grows. Change any one and the answer moves. The return and inflation numbers are assumptions you choose, not predictions.
Return and inflation are your assumptions. The 4% and 2% shown are examples only, not an expected return for any fund or portfolio and not a CFG forecast. Change them to see a range. This is arithmetic, not a forecast.
Common questions
Does this include CPP and OAS?
No. Government benefits reduce what you need from savings, so the real answer is usually longer. Subtract them from your yearly withdrawal to include them.
What about taxes?
Withdrawals from RRSPs and RRIFs are taxable, so the amount you take out is more than the amount you can spend.
What about a bad year early on?
The order of returns matters as much as the average. A drop early in retirement does more damage than the same drop later. That's what a plan is built around.
The average isn't the plan.
When the drop lands can matter as much as the average. We'll test the plan against a bad year, not just an average one.
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Open →Figures as at November 2026. Sources: Canada Revenue Agency, Service Canada, Income Tax Act.
Illustrative arithmetic only. Figures set by legislation can change; verify current rules before relying on any result. Educational only. Not tax, legal, or investment advice. Confirm with your accountant before acting. Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Wealth Management Inc., sponsoring mutual fund dealer. Other Products and Services are offered through David Creighton, Lindsay Smith, John Creighton, Matthew Smith, Darroll Powe, and Creighton Financial Group.