Analysis Results
Click "Analyze" to see your retirement projections.
Discretionary Income Available
Calculating...
Calculating your retirement income...
$0
$0 per month
Annual discretionary spending from age -- to 95
Time Horizon
-- years
Available Assets
$--
(excluding housing)Final Balance
$--
at age 95
What does this mean? After covering your non-discretionary expenses, you have $0 per year available for discretionary spending (in today's dollars, growing with inflation)
throughout retirement while maintaining your assets until age 95. This calculation considers your asset growth,
tax implications, and withdrawal priorities to find the optimal sustainable income.
Calculation completed in -- iterations
Unable to calculate discretionary income
Understanding Your Discretionary Income
How it's calculated:
- Always covers your non-discretionary expenses first
- Uses gradient descent optimization to find optimal discretionary spending
- Accounts for Canadian federal and provincial taxes
- Follows tax-efficient withdrawal priority (Cash → Other → Stocks → RSP → TFSA)
- Excludes housing assets from the calculation
- Considers asset growth and inflation from current age
Important notes:
- This is your available discretionary spending power until age 95
- Non-discretionary expenses are always covered first
- Amount shown is in today's purchasing power
- Actual amounts will grow with inflation each year
- Consider leaving a buffer for unexpected expenses
- Review and update regularly as your situation changes
- Consult with a financial advisor for personalized advice
Click "Analyze" to see your detailed retirement projections.