This tool is for informational use only. It is not financial advice – Auburn AI is not a registered financial advisor. Numbers here are estimates; consult a licensed Canadian financial advisor before any major money decision.
About this tool
The Retirement Calculator projects how much money you will have saved by the time you retire, based on your current savings, regular contributions, expected rate of return, and timeline. It is built for anyone planning ahead — whether you are just starting out in your twenties or catching up closer to retirement age and want a clearer picture of where you stand.
Reach for this tool when you are thinking about whether your current savings rate is on track, considering a change to your monthly contributions, or simply want to see how compound growth plays out over time. It is useful before meeting with a financial planner or when running quick what-if scenarios on your own.
How to use it
- Enter your current total retirement savings in the starting balance field.
- Input your planned monthly or annual contribution amount.
- Set your expected annual rate of return as a percentage.
- Enter your current age and the age at which you plan to retire.
- Click Calculate to see your projected retirement balance.
- Adjust any field and recalculate to compare different savings scenarios.
Pro tips
- Use a conservative return rate like 5 to 6 percent rather than historical averages to stress-test your plan against slower markets.
- Run the calculator twice — once with your current contributions and once with a modest increase — to see the outsized long-term difference small changes make.