Basic Retirement Calculator
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The median average hourly wage in Canada in April 2019 was about $22.00 which is the equivalent of $48,000 on an annual basis. Typically income requirements in retirement are less than those during working years.
We have suggested a level of retirement income based on your income in your working years. This may or may not be appropriate for your particular situation. You should choose a level of income in retirement with which you are comfortabe.
This calculator should be used as a primary analysis only and a more detailed analysis of your financial situation should be undertaken. The SmartPlanner from MoneyPages can provide significantly more detail and a more accurate analyis of your retirement plans.