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About 27% ahead of this goal.
Your money lasts through your plan (age 95+).
Why?
Biggest contributors
The savings left at the end — registered accounts, any locked-in accounts, and the gains built up in taxable investments — are settled on the final return, about $57,806 of tax in today's dollars.
Largest source of pressureIn several years your income comes in above what you plan to spend, and that extra — about $34,315 in today's dollars over retirement — is added back to your non-registered savings.
Moderate positive influenceIn several years your income comes in above what you plan to spend, and that extra — about $34,315 in today's dollars over retirement — is added back to your non-registered savings.
Worth reviewingWhy it matters
This surplus depends on your income and spending staying close to the plan; a stretch of higher spending would leave less to set aside.
See the numbers
About $34,315 in today's dollars of income beyond your spending is redeposited to non-registered savings over retirement, where it stays invested as part of your portfolio.
The savings left at the end — registered accounts, any locked-in accounts, and the gains built up in taxable investments — are settled on the final return, about $57,806 of tax in today's dollars.
Most importantWhy it matters
Whatever remains is taxed in that final year, at that year's rates — the more that's left then, the larger that final tax.
See the numbers
On the last return the remaining registered savings count as income, and the gains on taxable investments are partly taxable — together settling about $57,806 of tax from the estate.
Portfolio Sustainability
Sustainable to 95+
Portfolio lasts through the projection
Portfolio at Retirement
$1,131,319
Total savings entering retirement, in today's dollars
Avg. Annual Net Income
$61,107
Average per year, in today's purchasing power
Lifetime Taxes Paid
$199,222
In retirement · simplified 2026 rates · directional only
Estimated Estate
$217,337
Net of final tax bill, at 95, in today's dollars
Total tax, including the final tax bill
Area chart of projected account balances over time from age 40 to age 95, in today's dollars. Use the year-by-year table below the chart for the exact yearly balances.
Total withdrawals can exceed your spending target because estimated taxes are included — switch to Before tax to target the amount drawn directly.
Bar chart of annual retirement income by source from age 65 to age 95, in today's dollars. Use the income table below the chart for the exact yearly amounts by source.
| Metric | Typical | Yours | Difference |
|---|---|---|---|
| Portfolio Sustainability | Sustainable to 95+ | Sustainable to 95+ | No difference |
| Avg. Annual Net Income | $61,107 | $61,107 | No difference |
| Est. Lifetime Tax | $199,222 | $199,222 | No difference |
| Estimated Estate | $217,337 | $217,337 | No difference |
Simplified 2026 federal + Ontario tax rates. TFSA withdrawals are tax-free; RRSP/RRIF, CPP, OAS, and non-registered withdrawals are taxable. Provincial tax for Ontario uses progressive brackets; Ontario applies an additional provincial tax at higher incomes. Province-specific age-amount equivalents are not yet modeled. Directional estimates only — not financial or tax advice. How the tax model works →
RRIF withdrawals dominate taxable income after age 71
Most importantWhy it matters
Mandatory RRIF minimums represent the majority of taxable income in the decade after 71. Drawing down the RRSP earlier can reduce the size of these required minimums and smooth taxable income over time, and may lower the total tax paid across your lifetime, including the tax owed on what's left in the RRSP at the end.
A large RRSP balance is projected to remain at the end of your plan
Most importantWhy it matters
The estimated tax owed when this balance is taxed at the end is about $224,794. Drawing the RRSP down earlier — through Income Smoothing or RRSP/RRIF First — would shift more of this tax into your retirement years and may lower the total.
RRIF withdrawals reduce GIS eligibility after age 71
Most importantWhy it matters
Mandatory RRIF income counts against the GIS income test. Once RRIF minimums begin at 71, other income rises and GIS payments are projected to decline or disappear. Drawing down the RRSP before 71 can limit the RRIF-onset spike and help preserve GIS longer.
Mandatory income after 71 reaches higher federal tax brackets
Most importantWhy it matters
Combined RRIF, CPP, and OAS income after 71 appears to exceed the first federal bracket ceiling in several years. Voluntarily drawing the RRSP before 71 — even if not needed for spending — can spread this income more evenly and soften the jump in taxable income after 71.
Observations are based on simplified models and current assumptions — not financial advice. Review with a qualified advisor before making decisions.
RRIF Mandatory Withdrawals
At age 71, mandatory RRIF minimums kick in at $102,630/yr — generating taxable income whether or not it matches spending needs. A large RRSP balance going into 71 amplifies this effect.
Strong Savings Rate
Saving around 27% of income is a meaningful positive driver — consistent contributions compound significantly over the 25-year accumulation phase.
Retirement Horizon
Planning to age 95 from retirement at 65 spans 30 years — over this horizon, the compounding effects of returns and inflation become increasingly influential as the projection extends.
Plan Sensitivity
Over a 30-year retirement horizon, small differences in returns and inflation compound significantly — these long-run assumptions become more influential than near-term changes.
Driver analysis is based on simplified models and current assumptions — not financial advice.
Simplified 2026 federal + Ontario tax rates. TFSA withdrawals are tax-free; RRSP/RRIF, CPP, OAS, and non-registered withdrawals are taxable. Provincial tax for Ontario uses progressive brackets; Ontario applies an additional provincial tax at higher incomes. Province-specific age-amount equivalents are not yet modeled. Directional estimates only — not financial or tax advice. How the tax model works →