Skip to page navigation Skip to main content.

Retirement Savings Calculator

How much do I need to retire?

Start your plan today.

Developing a plan is the best thing you can do for your retirement — and the sooner you begin, the better off you’ll be. Use this simple calculator to help you get started.

Your Scenarios

Retirement Savings Strategies

Talk to a Scotiabank Advisor about the strategies that are right for you. Let us help you make your retirement dreams a reality.

Pre Authorized Contributions

Save for retirement. Transfer funds automatically to your RRSP, TFSA or savings account!

Save now

RSP Borrowing Options

Want to top up your RRSPs? It’s easy with a Scotiabank loan or line of credit.

Borrow to save

Find the Money

Track your expenses to help you free up some cash to save even more for your retirement.

Track expenses

Take action—Let’s make a plan together!

  • The information provided here is for demonstration purposes only, and is not a substitute for professional advice. Before making investment decisions, you are advised to speak with your legal and/or tax advisors. Projected Savings are calculated based on contributions continuing until retirement age. For a joint scenario, contributions are assumed to continue until the first person retires.
  • * This figure represents a sum of amounts to be set aside in the years leading up to retirement. It is not a future value amount that has been adjusted for capital appreciation or return on investment.

Let’s add up your retirement savings

If you have multiple retirement accounts (RRSPs, TFSAs, etc.) this handy calculator will help you add up the balances.

Remove account
Remove account
+ Add an account
Cancel

Let’s add up your company pension income

If you have multiple company pension income, this handy calculator will help you add all of the pension amounts.

Account
Pension #{{$index + 1}} Remove pension
Pension #{{$index + 1}}
Remove pension
+ Add a pension
Cancel