How much portfolio do I need to retire at 50 with $80,000 a year?

To safely retire at age 50 and withdraw $80,000 annually, you need a substantial portfolio spread across RRSPs, TFSAs, and Non-Registered accounts. Use our free Retirement Planner to factor in your CPP and OAS payouts, and see exactly how long your money will last.

Age 50 Drawdown Plan

Retiring at Age 50 with a $80,000 Target Income

Calculate if you can retire at age 50 and maintain a $80,000/year lifestyle. Plan your RRSP, TFSA, CPP, and OAS withdrawals with our free drawdown calculator.

Did You Know?

Retiring before age 60 means you cannot start collecting CPP right away. You will need to rely entirely on your own portfolio for income during these bridge years.

Retirement Planner

A simplistic asset drawdown simulator. See if your portfolio and government benefits can sustain your target lifestyle.

Plan Details

Include Spouse

Province

Target Annual Income (After-Tax)

End Planning Age

Children (Birth Years)

Used to calculate tax-free Canada Child Benefit (CCB) payouts if you retire early while children are under 18.

Current Age

Current Working Income (Net)

Start Retirement Age

Years in Canada (at 65)

Number of years lived in Canada between age 18 and 65. Used to calculate eligible OAS amount.

Current Assets & Contributions

TFSA Balance

RRSP Balance

LIRA Balance

Joint Non-Registered Balance

Book Value (ACB)

Annual Savings (Until Retirement)

TFSA Savings / Yr

RRSP Savings / Yr

Non-Reg Savings / Yr

Future Income Sources

DB Pension (Annual)

DB Pension Start Age

Expected CPP (Annual)

CPP Start Age

Assumptions

Inflation Rate (%)

Est. Real Return (%)

Drawdown Strategy

Retirement Status

Depleted at Age 51

Your assets will run out before your end planning age.

Final Estate Value

$0Nominal

$0Today's $

Projections

Authoritative Government Resources

CRA: TFSA Rules & Limits

CRA: RRSP Contribution Guidelines

Service Canada: OAS Overview

Service Canada: GIS Benefits

CRA: Spousal RRSP Guidelines