Contributing to a group retirement program is an easy way to build savings for your retirement. This tool helps you calculate how much to contribute so you can take full advantage of the benefits of your group retirement program.
BackRetirement Income
Saving even more can make a big difference to your future retirement income. See how small increases can help you benefit.
Contact Manulife by phone at 1-888-727-7766 or by email at gromail@manulife.ca.
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Things to considerThe fees offered through a group retirement program (called Investment Management Fees) are typically lower than those offered through a retail financial institution. Save through your group program to take full advantage of these potential savings.
Contribution Calculator
Saving just a little bit more can make a big difference to your future retirement income. See how even a small increase can help you benefit.
Monthly retirement income at 65
From employer contributions 
From your contributions 
| Assumptions used | |
|---|---|
| Age | 00 |
| Age at retirement | 00 |
| $000.00 | |
| Percentage of contribution matched by your employer | 50.00% |
| Expected rate of return | 2.00% |
Custom Contribution Matching:
Base Contribution:
Employer base contribution of ?% of your salary.
Match Required Contribution:
???% of the first ?% of your salary.
Optional contribution:
??% of up to the next ?% of your salary.
+??% of up to the next ?% of your salary.
+??% of up to the next ?% of your salary.
© 2015 Manulife. All Rights Reserved
This calculator provides an illustration of possible savings scenarios, not a guarantee of future savings or retirement income. The rates of return and dollar figures displayed are not guaranteed. Retirement savings may last for longer or shorter durations, depending on market conditions and how much income is withdrawn. It's important to review your retirement plan periodically to ensure you are on track to meet your goals. Contribution amounts may be subject to plan provisions and/or legislative requirements. Neither Manulife nor any of its agents, employees, or representatives is providing legal, tax, or investment advice with the display of this estimate.
Contribution Calculator
| "Entered" monthly income at retirement | |
|---|---|
| From employer contributions | $2,000 |
| From your contributions | $1,016 |
| Total | $3,016 |
| "Increased" monthly income at retirement | |
|---|---|
| From employer contributions | $3,000 |
| From your contributions | $2,007 |
| Total | $5,007 |
| Total "entered" contributions | |
|---|---|
| Amount you will have contributed | $100,000 |
| Amount your employer will have contributed | $30,000 |
| Total at age ?? (combined) | $130,000 |
| Total without employer match | $100,000 |
| Total contributions when "increased" | |
|---|---|
| Amount you will have contributed | $110,000 |
| Amount your employer will have contributed | $35,000 |
| Total at age ?? (combined) | $145,000 |
| Total without employer match | $110,000 |
Contributions to registered plans are subject to a maximum amount set by the Canada Revenue Agency (CRA) for each plan type. You are responsible for ensuring you do not exceed your personal contribution limit. Please refer to the CRA website www.cra-arc.gc.ca for more information.
Contact Manulife by phone at 1-888-727-7766 or by email at gromail@manulife.ca.
© 2015 Manulife. All Rights Reserved
This calculator provides an illustration of possible savings scenarios, not a guarantee of future savings or retirement income. The rates of return and dollar figures displayed are not guaranteed. Retirement savings may last for longer or shorter durations, depending on market conditions and how much income is withdrawn. It's important to review your retirement plan periodically to ensure you are on track to meet your goals. Contribution amounts may be subject to plan provisions and/or legislative requirements. Neither Manulife nor any of its agents, employees, or representatives is providing legal, tax, or investment advice with the display of this estimate.
This is the amount you get paid before taxes and other deductions are subtracted.
Weekly – 52 pays per year
Every two weeks – 26 pays per year
Twice a month – 24 pays per year
Monthly – 12 pays per year
Annually – 1 pay per year
This is the amount you contribute to your group retirement program on a monthly or annual basis.
Pick a dollar amount or a percentage of your pay and select how often you make your contributions.
When your employer matches the contributions you make to your group retirement program, these are called matching contributions.
Choose the percentage of your contributions that are matched by your employer. If the percentage is not listed in the dropdown menu, select the 'other' option and enter the amount.
This calculator provides an illustration of possible savings scenarios, not a guarantee of future savings or retirement income.
The rates of return and dollar figures displayed are not guaranteed. Retirement savings may last for longer or shorter durations, depending on market conditions and how much income is withdrawn.
It's important to review your retirement plan periodically to ensure you are on track to meet your goals. Contribution amounts may be subject to plan provisions and/or legislative requirements. Neither Manulife nor any of its agents, employees, or representatives is providing legal, tax, or investment advice with the display of this estimate.
Base Contribution:
Employer base contribution of ?% of your salary.
Match Required Contribution:
???% of the first ?% of your salary.
Optional contribution:
??% of up to the next ?% of your salary.
+??% of up to the next ?% of your salary.
+??% of up to the next ?% of your salary.