Does anyone have a recommendation for software that has a retirement calculator (client wants to withdraw fixed monthly amount, using different interest rates of returns to determine how long his principal amount will fund his retirement)?
Thanks
Here are some sample calculators.
RIF calculators
TaxTips
http://www.taxtips.ca/calculator/rrsprrifwithdrawals.htm
http://www.taxtips.ca/calculators/rrsp-rrif/rrsp-rrif-withdrawal-calculator.htm
Retirement Advisor
https://www.retirementadvisor.ca/retadv/apps/rrif/rrif.jsp?toolsSubMenu=post
Inputs
- RRSP or RIF balance
- Age
- Annual withdrawal calculator - min, amt, annual increase
- Annual investment return
- Annual inflation
Edward Jones Calculators
- Retirement savings
- Emergency fund savings
- Life insurance requirements at death
Dominique,
Thank you so very much!
Sheryl