Canadian Retirement Calculator

Canadian Retirement
RRSP · TFSA · FIRE

Free Monte Carlo retirement calculator with RRSP deduction modelling, TFSA tax-free growth, Canadian tax rates (28%), and TSX historical returns. 1,000,000 scenarios.

🍁 Calculate My Canadian Retirement
🍁 Canadian Tax Rates 💰 RRSP & TFSA 📈 TSX Returns 🆓 Free Forever
Canadian-Specific Modelling

Built for Canadian Investors

  • Canadian Tax: ~28% effective rate modelled (federal + provincial average)
  • TSX Returns: ~8.8% historical nominal returns
  • RRSP: Tax-deductible contributions reduce taxable income (18% of earned income, up to $31,560/yr)
  • TFSA: $7,000/yr tax-free growth and withdrawals
  • CPP: Canada Pension Plan reduces required portfolio in full retirement
  • CAD: All calculations in Canadian dollars
Canadian FIRE Strategy

RRSP vs. TFSA for Canadian FIRE

💰 TFSA: The Canadian FIRE Vehicle

The TFSA is Canada's best FIRE account — all growth and withdrawals are 100% tax-free. Max your TFSA every year ($7,000 in 2026) before anything else.

🏦 RRSP: Tax Deferral Strategy

RRSPs reduce taxable income now (worth the marginal rate) but withdrawals are taxed as income. Best used when you'll be in a lower bracket in retirement than today.

📊 FHSA for Property Buyers

The First Home Savings Account offers $8,000/yr in tax-deductible contributions (up to $40,000 lifetime) — relevant if home purchase is part of your FIRE plan.

🍁 Calculate Your Canadian Retirement Free

Select Canada, enter your RRSP/TFSA balances and salary, and run 1,000,000 Monte Carlo simulations. All Canadian tax rates and account rules modelled correctly.

🍁 Start Canada Retirement Calculator