Assumptions

• Life expectancy = 90 years
• Pre-retirement rate of return = 4.3%
• Post-retirement rate of return = 2.9%

Disclaimer

This calculator provides an illustration of possible savings scenarios, not a guarantee of future savings or retirement income. The 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 Retirement savings may last for longer or shorter durations, depending on market conditions and how much income is withdrawn.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 legislative requirements. Contributions and yearly retirement income do not include government plans such as OAS or CPP/QPP. Neither Manulife nor any of its agents, employees, or representatives is providing legal, tax, or investment advice with the display of this estimate.

Yearly gross salary before taxes

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

Current retirement savings balance

This is the amount of retirement savings you currently have.

Contribution frequency

This is how often you contribute to your retirement savings

• 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