Wages
$55,000/year
(year 1)
increase annually
2.4%2
Total earnings
$3,200,000
Savings
$8,250/year
(starting year 2)
increase annually
2.4%3
Total savings
$463,000
RRSP balance
$8,250/year
(starting year 2)
annual return
5%
Balance @60
$1,092,000
RRSP balance
$8,250/year
(starting year 2)
annual return
5%
Balance
@60
$1,092,000
Registered retirement income @61
$53,000/year
indexed to inflation
2%3
annual return
5%4
Registered retirement income @90
$94,120/year
Registered retirement income @ 61
$53,000/year
indexed to inflation
2%3
annual
return
5%4
Registered retirement income @ 90
$94,120/year
Registered retirement income
@61
$53,000/year
indexed to inflation
2%3
annual
return
5%4
Registered retirement income
@90
$94,120/year
Wages
$55,000/year
(year 1)
increase annually
2.4%2
Total earnings
$3,200,000
Savings
$8,250/year
(starting year 2)
increase annually
2.4%3
Total savings
$463,000
RRSP balance
$8,250/year
(starting year 2)
annual return
5%
Balance @60
$1,092,000
Reg. retirement income @61
$53,000/year
indexed to inflation
2%3
annual return
5%4
Reg. retirement income @90
$94,120/year