Ultimate Quebec Retirement Planner 2024

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u/canRetire · Joined Oct 2024

Plan your dream retirement in seconds! The Ultimate Quebec Retirement Planner 2024 is streamlined with 6 easy inputs to map your financial future.

Last update Nov 2024
  • Scenario 1: Lifetime Wealth Projection

This chart shows your financial path over time. For a true picture, check 'inflation adjusted' below. Ensure savings and spending align, and review if the drop-to-zero age matches life expectancy.

Age

Try your numbers:

Input your current age.

A =

Input the total savings you currently have, across all accounts.

B =

Input the age at which you plan to stop working and start retirement.

C =

Input your current yearly earnings before taxes. (We assume you will stay at this income level, inflation-adjusted.)

D =

Input the yearly amount you expect to spend in retirement, in today's money. Enter the before-tax amount. (Usually it's 60~80% of your annual working income. Adjust it to your wishes and needs.)

E =

Input the percentage of your future income that you plan to save for retirement.

F =
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Add Input
  • Amount
    Any single amount ($).
  • Cash Flow
    Rent, insurance premium, salary, ...
  • Current Asset
    Real estate, commodity, bonds, ...
  • Installment Loan
    Mortgage, car loan, ...
  • Percentage
    Any percentage value (%).
  • Years / Months
    Any time horizon.
  • Age (already added)
    Show "Age" instead of "# Years from Now."
  • Retirement Age (already added))
    Enable "Investment Return After Retirement."

Time Value Assumptions

Heads Up!

If you're using Cost Basis (cb) for calculating capital gains:

Please be aware that very few countries currently use inflation-indexed cost basis. Double-check your local tax rules before publishing.

Scroll up to view updated chart.

Not exactly what you want?

How is Cash Value calculated?

This calculation projects your lifetime finances. Review key assumptions below—% in RRSP/TFSA, monthly QPP and OAS with start ages—and personalize these assumptions using the Pencil button, if needed.

Decisions / Expectations

(Expressions are evaluated at Year 0 only.)

G =
H =
I =
J =
K =
L =
M =
Ñ =
∞
Follow Inflation
O =
P̃ =
Follow Inflation
Q̃ =
∞
Follow Inflation
R =
S =
T̃ =
Now
Follow Inflation
Ũ =
Now
Follow Inflation
Ṽ =
Now
Follow Inflation
W̃ =
X̃ =
Ỹ =
Z̃ =
∞
Follow Inflation

Calculations

(Expressions are evaluated at every year.)

AA =
AB =
ÃC̃ =
ÃD̃ =
ÃẼ =
ÃF̃ =
AG =
AH =
ÃĨ =
AJ =
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Add Decision or Expectation
  • Buy Asset
    Buy an asset growing at its own rate.
  • Take Installment Loan
    Take a mortgage, loan, etc.
  • Invest
    Receive/Spend a lump sum.
  • Expect to Invest
    Expect to receive/spend a lump sum.
  • Expect Monthly Cash Flow
    Expect to receive/spend cash monthly.
  • Expect Yearly Cash Flow
    Expect to receive/spend cash yearly.
  • Define Variable (Numerical)
    Calculate an intermediate value.
Add Intermediate Calculation
  • Define Variable (Numerical)
    Calculate an intermediate value.
  • Define Variable (Cash Flow)
    Calculate a combined cash flow.