Retirement Calculator

This free retirement calculator shows whether your current savings rate has you on track — with a year-by-year projection through your entire retirement, not just a single number.

Auto-save in your browser

Your inputs are saved so you can return and edit later. (Turn off to prevent saving. Use private/incognito mode for completely private sessions.)

1. Before Retirement

Current Age Your age today Retirement Age Age you plan to stop working Gross Annual Income ($) Your current yearly income before tax Income Growth Rate (%) Expected yearly income increase Percent of Income to Save (%) Amount you save each year Money Already Saved ($) Total saved for retirement Growth Rate Before Retirement (%) Expected yearly growth before retirement

2. After Retirement

Years in Retirement How long retirement may last Pre-retirement Income Needed in Retirement (%) Portion of income at retirement you want to receive each year Enter exact dollar amount instead Use a specific income amount instead of a percentage Monthly Pension ($) Guaranteed monthly retirement income (government pension + employer pension combined) Pension Starts at Age When pension payments begin Adjust Pension for Inflation Increase payments with inflation Growth Rate During Retirement (%) Expected yearly growth after retirement Inflation Rate (%) Expected yearly rise in living costs

Portfolio at Retirement

Money to Leave Behind (Inheritance)

Retirement Income (First Year)

Retirement Income (First Month)

Income Sources by Year

Portfolio Value Over Time

Year-by-Year Breakdown

Age	Income	Savings	Pension	Withdrawal	Balance

How This Retirement Calculator Works

This retirement calculator models two phases of your financial life: the years you’re still working and saving, and the years you’re retired and withdrawing. It grows your savings year by year using your inputs, then checks whether your money lasts through your expected retirement.

💡 ezRizq Tip: Start with your best honest estimate for each field — you can adjust and recalculate instantly. If your plan shows a shortfall, scroll to the suggestions box for specific ways to close the gap.

Accumulation phaseBefore retirement age, while you’re still earning and saving.

Decumulation phaseAfter retirement age, while you’re withdrawing from your portfolio.

Replacement rateThe % of your final income you’ll need each year in retirement.

Growth rateYour assumed average yearly investment growth — before and after retirement can differ.

Retirement calculator example chart showing the accumulation and decumulation phases of a portfolio

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Frequently Asked Questions

How much money do I need to retire in Canada?

It depends on your desired lifestyle, but a common starting point is 70% of your pre-retirement income per year. This retirement calculator lets you set your own target, or enter an exact dollar amount instead.

What is a safe withdrawal rate in retirement?

Many calculators use 4% per year as a starting reference point, though the right rate depends on your growth rate, time horizon, and other income sources like pensions. This calculator shows your actual first-year withdrawal rate based on your own numbers.

Does this calculator include CPP and OAS?

For Canadian users: CPP and OAS are Canadian government pension programs, so this note applies to a Canadian audience specifically. They’re not included automatically — enter your expected CPP, OAS, and any employer pension as a combined monthly amount in the Monthly Pension field. For an accurate CPP estimate, use the Government of Canada’s official CPP calculator.

Is this retirement calculator halal-compliant or Sharia-certified?

This tool is a math-only planning calculator and does not certify any product as Sharia-compliant. It is not financial or Sharia advice. Consult a qualified financial and Sharia professional before making investment decisions.

What growth rate should I use?

There is no single correct answer, since it depends on your investments and risk tolerance. Not sure about yours? Try ezRizq’s free Risk Tolerance Assessment. Many long-term investors use a conservative estimate for pre-retirement growth and an even more conservative one for retirement, when withdrawals reduce the balance available to grow.

Can I save my progress and come back later?

Yes. With Auto-save turned on, your inputs are saved in your browser and reload automatically next time you visit. Turn it off, or use a private/incognito window, if you’d rather nothing be saved.

Disclaimer: The ezRizq calculators are provided for educational and informational purposes only. Results are based on user-entered data and general assumptions regarding returns, inflation, taxation, and contribution patterns, which may not reflect actual market conditions or individual circumstances. While reasonable care is taken in developing these tools, calculations may contain errors or inaccuracies, and results are estimates, not guarantees. The calculators do not constitute Sharia, financial, legal, or tax advice. Users should consult qualified financial and Sharia professionals before making any investment or financial decisions.