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Retirement Savings Calculator

Monthly Deposit frequency
  • Weekly
  • BiWeekly
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  • Bi-Monthly
  • Quarterly
  • Semiannually
  • Annually

Build your retirement preparedness one step at a time.

1. Set a financial strategy early

  • Build your emergency savings nest egg and don’t dip into it unless you really need to
  • Consider tools and resources that can help you with various financial priorities

2. Set clear goals and measure against them

  • Take a holistic view of your financial picture and develop an appropriate strategy from there
  • Educate yourself on the types of expenses you might expect in retirement

3. Prepare for the unexpected

  • Be prepared with a clear plan in case you are no longer able to manage your finances
  • Have a backup plan in case your needs and circumstances change

This calculator is provided for informational purposes only. A 2 % inflation rate is used for illustrative purposes. The actual average inflation rate may vary.

All charts and illustrations are used to illustrate the effects of growth of a hypothetical investment based on inputs provided by the user and are not intended to reflect future values of any fund or returns on investment in any fund. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results.

The information provided herein should not be interpreted as financial, investment, tax, legal or accounting advice. Investments should be evaluated according to an investor's investment objectives and risk tolerance. Please consult with your professional advisor before taking any action.

Franklin Templeton Investments Corp. does not make any express or implied warranties or representations with respect to any information or results in connection with this calculator nor will it be held liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results. Please consult the fund's prospectus and speak to an advisor before investing.

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This site is intended for Canadian residents. Mutual funds and ETFs sponsored by Franklin Templeton Investments Corp. are only qualified for sale in the provinces and territories of Canada.

(C) 2021 Franklin Templeton. All rights reserved. Franklin Templeton is a business name used by Franklin Templeton Investments Corp.