Canadian Retirement Drawdown Planner

See how the timing of CPP, OAS, and your savings withdrawals shapes your income, taxes, and estate. How you draw down matters as much as how much you saved.

Your Situation

Current age64

Retirement age65

Project until age95

RRSP / RRIF balance

TFSA balance

Non-registered (taxable)

Target after-tax income / yr

In today's dollars

Assumptions

Inflation2.5%

Investment return5.0%

CPP entitlement (% of max)85%

OAS entitlement (% of max)100%

Strategy Levers

Start CPP at age70

Start OAS at age65

RRSP meltdown

Draw RRSP down hard before CPP/OAS start; preserve the TFSA

Laddered spending

More in go-go years (≤75), less in slow-go (76–85) & no-go (86+)

Avg after-tax income

$31,346

▲ $1,637/yr vs baseline

Lifetime tax paid

$225,255

▲ $34,391 vs baseline

Money runs out?

Age 78

savings depleted

RRSP/RRIFTFSANon-regAfter-tax income (today's $)

Educational illustration only — not financial, tax, or investment advice. This tool uses simplified 2026 figures (max CPP ≈ $1,507.65/mo, max OAS ≈ $742/mo at 65) and a flat, simplified tax estimate. It ignores GIS, OAS clawback, pension splitting, provincial-rate differences, RRIF minimum withdrawals, and many other real-world factors. Figures change yearly. Consult a qualified Canadian financial planner before making decisions.