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- Retiring at 60
- CPP at age 70, 75% of max
- Couple
- Running estate to $0
| Total Savings | 500k | 750k | 1 mil |
|---|---|---|---|
| RRSP Savings | 400k | 550k | 800k |
| TFSA Savings | 100k | 200k | 200k |
Couple Yearly Income After Tax (Adjusted for Inflation) | $57,365 | $66,480 | $74,757 |
|---|---|---|---|
Single Yearly Income After Tax (Adjusted for Inflation) | $37,376 | $45,290 | $53,042 |
RRIF
Earnings in a RRIF are tax-free and amounts paid out of a RRIF are taxable on receipt.
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