Sequencer | RetireSmartCA

How to use this tool

A quick orientation — dismiss once you're comfortable.

STEP 1

Enter your assumptions

Set province, retirement age, account balances, CPP/OAS, pension, and spending in the panel on the left.

STEP 2

Review the results

The summary, withdrawal chart, and yearly table update live as you change inputs — income by source, tax, and net cash each year.

STEP 3

Adjust and compare

Try the Optimize toggles to search withdrawal policies, sustainable income, and CPP/OAS start ages together. Save scenarios to compare side by side.

STEP 4

Learn the concepts

Hover the info icons beside inputs for quick tips and links to plain-English guides in the Learn section.

New here? Start with the defaults and adjust one input at a time.

Browse the Learn guides

Net annual retirement income

$64,686/yr

Average after tax & OAS clawback, across the full plan

Total tax exposure vs. naive

5.8% · $13,255 lower

Plan tax: $213,856 vs. $227,111

Estimated terminal tax: $0 vs. $0

End assets after estimated tax: $982,149 vs. $887,023

Target retirement age

Age 60

Annual Gross Income by Source

30-year gross income

Stacked annual gross (pre-tax) drawdowns across all income sources, with the age-70 phase divider

CPP
OAS
Pension
RRSP / RRIF
LIF
Annuity
TFSA
Non-Reg

Annual Net Income by Source

30-year net income

After-tax cash delivered by each source, with tax allocated proportionally to taxable income

CPP
OAS
Pension
RRSP / RRIF
LIF
Annuity
TFSA
Non-Reg

Income Phase Breakdown

Income mix, spending, and tax across three retirement phases

60s (to 70)

$75,189 net/yr

RRSP / RRIF

$76,285

Non-Reg

$12,814

Spending target$72,000

Avg. tax paid$13,910

70s–80s (70–84)

$57,600 net/yr

CPP

$25,943

OAS

$17,791

RRSP / RRIF

$38

TFSA

$12,520

Non-Reg

$3,952

Spending target$57,600

Avg. tax paid$2,644

85+

$64,800 net/yr

CPP

$33,503

OAS

$23,621

TFSA

$10,866

Spending target$64,800

Avg. tax paid$3,191

Compliance & Warnings

Withdrawal policies are searched over the complete plan, prioritizing sustainable spending, then lifetime tax plus estimated tax on remaining assets. This bounded search is not a guaranteed global optimum. Terminal tax assumes final-year liquidation, without spouse rollovers; it is a comparison estimate, not an actual withdrawal or an estate-tax calculation.

CPP/OAS estimates are entered in 2026 dollars and projected at 2% per year, even when spending inflation is off. OAS includes a permanent 10% increase from age 75. Annual age bands approximate quarterly OAS indexation and birthday-month timing; future CPI is assumed, not published.

Assumes RRSP conversion at the end of age 71, with RRIF minimum payments from age 72. Future tax thresholds and TFSA limits are projections, not published schedules.

Provincial tax estimates use 2025/2026 annual schedules, age and pension credits. Assumes one adult with no spouse/dependant claims; refundable benefits, drug premiums, and Quebec living-alone credits are excluded.

Pension-credit eligibility follows the selected income type: employer lifetime pensions at any age; RRIF/LIF and RRSP annuities normally at 65, with specified spouse-death exceptions. Ordinary RRSP draws, CPP and OAS do not qualify federally. Non-Quebec provincial claims are capped by the federal $2,000 claim. Quebec separately includes RRSP payments, RRIF/LIF and eligible annuities at any age, subject to its retirement-amount limit and income phaseout. The pension field represents one selected income type; mixed income and tax-treaty cases need separate treatment.

Optimized Drawdown Strategy

Annual sequencing order with marginal tax rate impact

Age 60

MTR 31.5%Net $75,275

RRSP / RRIF

Age 61

MTR 31.5%Net $76,795

RRSP / RRIF

Age 62

MTR 31.5%Net $78,346

RRSP / RRIF

Age 63

MTR 31.5%Net $79,928

RRSP / RRIF

Age 64

MTR 31.5%Net $81,542

RRSP / RRIF

Age 65 · milestone

MTR 21.9%Net $72,000

RRSP / RRIF→Non-Reg

Age 66

MTR 21.9%Net $72,000

RRSP / RRIF→Non-Reg

Age 67

MTR 21.9%Net $72,000

RRSP / RRIF→Non-Reg

Age 68

MTR 21.9%Net $72,000

RRSP / RRIF→Non-Reg

Age 69

MTR 21.9%Net $72,000

RRSP / RRIF→Non-Reg

Age 70 · milestone

MTR 19.0%Net $57,600

Non-Reg→CPP→OAS→RRSP / RRIF

Age 71 · milestone

MTR 19.0%Net $57,600

Non-Reg→CPP→OAS

Age 72

MTR 19.1%Net $57,600

CPP→OAS→Non-Reg→TFSA

Age 73

MTR 24.1%Net $57,600

CPP→TFSA→OAS

Age 74

MTR 24.1%Net $57,600

CPP→TFSA→OAS

Age 75

MTR 19.1%Net $57,600

CPP→TFSA→OAS

Age 76

MTR 19.1%Net $57,600

CPP→OAS→TFSA

Age 77

MTR 19.0%Net $57,600

CPP→OAS→TFSA

Age 78

MTR 19.1%Net $57,600

CPP→OAS→TFSA

Age 79

MTR 19.1%Net $57,600

CPP→OAS→TFSA

Age 80

MTR 19.0%Net $57,600

CPP→OAS→TFSA

Age 81

MTR 19.0%Net $57,600

CPP→OAS→TFSA

Age 82

MTR 19.0%Net $57,600

CPP→OAS→TFSA

Age 83

MTR 19.0%Net $57,600

CPP→OAS→TFSA

Age 84

MTR 19.1%Net $57,600

CPP→OAS→TFSA

Age 85

MTR 19.0%Net $64,800

CPP→OAS→TFSA

Age 86

MTR 19.1%Net $64,800

CPP→OAS→TFSA

Age 87

MTR 19.0%Net $64,800

CPP→OAS→TFSA

Age 88

MTR 19.1%Net $64,800

CPP→OAS→TFSA

Age 89

MTR 19.1%Net $64,800

CPP→OAS→TFSA

Age 90

MTR 19.0%Net $64,800

CPP→OAS→TFSA

Age 91

MTR 19.0%Net $64,800

CPP→OAS→TFSA

Age 92

MTR 19.0%Net $64,800

CPP→OAS→TFSA

Age 93

MTR 19.1%Net $64,800

CPP→OAS→TFSA

Age 94

MTR 19.0%Net $64,800

CPP→OAS→TFSA

Age 95

MTR 19.1%Net $64,800

CPP→OAS→TFSA

Return-Rate Sensitivity

All accounts shifted ±3%

How different investment returns change income, lifetime tax, and whether the plan lasts to the end age.

Scenario	Account return	Net/yr	Lifetime tax	Exposure saved	Plan
-3%	7.0%	$57,111	$190,125	$5,754	✗ at 75
-2%	8.0%	$60,778	$214,113	−$12,335	✗ at 85
-1%	9.0%	$64,686	$202,196	$10,862	✓ to 95
Base ★	10.0%	$64,686	$213,856	$13,255	✓ to 95
+1%	11.0%	$64,686	$230,747	$49,203	✓ to 95
+2%	12.0%	$66,775	$244,884	$432,993	✓ to 95
+3%	12.0%	$66,775	$244,884	$432,993	✓ to 95

Net annual income by return scenario

Year-by-Year Breakdown

Income sources, taxable income, tax, and net cash by age

Age	CPP	OAS	Pension	RRSP / RRIF	LIF	Annuity	TFSA	Non-Reg	Gross	Taxable	Tax	OAS Clawback	Net
60	—	—	—	$95,323	—	—	—	—	$95,323	$95,323	$20,048	—	$75,275
61	—	—	—	$97,230	—	—	—	—	$97,230	$97,230	$20,434	—	$76,795
62	—	—	—	$99,174	—	—	—	—	$99,174	$99,174	$20,828	—	$78,346
63	—	—	—	$101,158	—	—	—	—	$101,158	$101,158	$21,229	—	$79,928
64	—	—	—	$103,181	—	—	—	—	$103,181	$103,181	$21,639	—	$81,542
65 ★	—	—	—	$51,265	—	—	—	$27,356	$78,620	$57,222	$6,620	—	$72,000
66	—	—	—	$52,290	—	—	—	$26,535	$78,825	$58,749	$6,825	—	$72,000
67	—	—	—	$53,336	—	—	—	$25,670	$79,006	$60,183	$7,006	—	$72,000
68	—	—	—	$54,402	—	—	—	$24,764	$79,166	$61,533	$7,166	—	$72,000
69	—	—	—	$55,491	—	—	—	$23,816	$79,307	$62,808	$7,307	—	$72,000
70 ★	$22,503	$14,423	—	$569	—	—	—	$23,588	$61,083	$45,155	$3,483	—	$57,600
71 ★	$22,953	$14,712	—	—	—	—	—	$23,399	$61,063	$45,636	$3,463	—	$57,600
72	$23,412	$15,006	—	—	—	—	$9,701	$12,287	$60,406	$42,782	$2,806	—	$57,600
73	$23,880	$15,306	—	—	—	—	$20,359	—	$59,545	$39,186	$1,945	—	$57,600
74	$24,358	$15,612	—	—	—	—	$19,605	—	$59,574	$39,970	$1,974	—	$57,600
75	$24,845	$17,517	—	—	—	—	$17,610	—	$59,971	$42,361	$2,371	—	$57,600
76	$25,342	$17,867	—	—	—	—	$16,801	—	$60,010	$43,209	$2,410	—	$57,600
77	$25,848	$18,224	—	—	—	—	$15,976	—	$60,049	$44,073	$2,449	—	$57,600
78	$26,365	$18,589	—	—	—	—	$15,134	—	$60,089	$44,954	$2,489	—	$57,600
79	$26,893	$18,961	—	—	—	—	$14,276	—	$60,129	$45,853	$2,529	—	$57,600
80	$27,431	$19,340	—	—	—	—	$13,401	—	$60,171	$46,770	$2,571	—	$57,600
81	$27,979	$19,727	—	—	—	—	$12,508	—	$60,213	$47,706	$2,613	—	$57,600
82	$28,539	$20,121	—	—	—	—	$11,747	—	$60,407	$48,660	$2,807	—	$57,600
83	$29,110	$20,524	—	—	—	—	$10,818	—	$60,451	$49,633	$2,851	—	$57,600
84	$29,692	$20,934	—	—	—	—	$9,870	—	$60,496	$50,626	$2,896	—	$57,600
85	$30,286	$21,353	—	—	—	—	$16,103	—	$67,742	$51,638	$2,942	—	$64,800
86	$30,891	$21,780	—	—	—	—	$15,117	—	$67,789	$52,671	$2,989	—	$64,800
87	$31,509	$22,215	—	—	—	—	$14,112	—	$67,836	$53,725	$3,036	—	$64,800
88	$32,139	$22,660	—	—	—	—	$13,086	—	$67,885	$54,799	$3,085	—	$64,800
89	$32,782	$23,113	—	—	—	—	$12,040	—	$67,935	$55,895	$3,135	—	$64,800
90	$33,438	$23,575	—	—	—	—	$10,973	—	$67,986	$57,013	$3,186	—	$64,800
91	$34,106	$24,047	—	—	—	—	$9,884	—	$68,037	$58,153	$3,237	—	$64,800
92	$34,789	$24,528	—	—	—	—	$8,774	—	$68,090	$59,316	$3,290	—	$64,800
93	$35,484	$25,018	—	—	—	—	$7,641	—	$68,144	$60,503	$3,344	—	$64,800
94	$36,194	$25,519	—	—	—	—	$6,486	—	$68,199	$61,713	$3,399	—	$64,800
95	$36,918	$26,029	—	—	—	—	$5,308	—	$68,255	$62,947	$3,455	—	$64,800

Optimized vs. Naive — Annual Net & Tax

Solid = optimized · Dashed = naive

Annual net cash and tax under each strategy, so the trade-off is visible each year.

Optimized net
Naive net
Optimized tax
Naive tax

Optimized vs. Naive — Year-by-Year

Side-by-side comparison of gross income, tax, OAS clawback, and net cash. Difference is optimized minus naive; green means the optimized strategy is better.

Age	Gross Income			Tax			Net Cash
Age	Opt.	Naive	Diff	Opt.	Naive	Diff	Opt.	Naive	Diff
60	$95,323	$90,657	$4,666	$20,048	$18,657	$1,391	$75,275	$72,000	$3,275
61	$97,230	$90,402	$6,828	$20,434	$18,402	$2,032	$76,795	$72,000	$4,795
62	$99,174	$90,142	$9,032	$20,828	$18,142	$2,686	$78,346	$72,000	$6,346
63	$101,158	$89,876	$11,281	$21,229	$17,876	$3,353	$79,928	$72,000	$7,928
64	$103,181	$89,606	$13,575	$21,639	$17,606	$4,033	$81,542	$72,000	$9,542
65 ★	$78,620	$88,299	$-9,678	$6,620	$16,299	$-9,678	$72,000	$72,000	$0
66	$78,825	$87,909	$-9,084	$6,825	$15,909	$-9,084	$72,000	$72,000	$0
67	$79,006	$87,511	$-8,505	$7,006	$15,511	$-8,505	$72,000	$72,000	$0
68	$79,166	$78,880	$286	$7,166	$6,880	$286	$72,000	$72,000	$0
69	$79,307	$72,130	$7,177	$7,307	$130	$7,177	$72,000	$72,000	$0
70 ★	$61,083	$61,005	$78	$3,483	$3,405	$78	$57,600	$57,600	$0
71 ★	$61,063	$61,063	$-0	$3,463	$3,463	$-0	$57,600	$57,600	$-0
72	$60,406	$61,110	$-704	$2,806	$3,510	$-704	$57,600	$57,600	$-0
73	$59,545	$61,146	$-1,601	$1,945	$3,546	$-1,601	$57,600	$57,600	$-0
74	$59,574	$61,182	$-1,608	$1,974	$3,582	$-1,608	$57,600	$57,600	$-0
75	$59,971	$61,551	$-1,580	$2,371	$3,951	$-1,580	$57,600	$57,600	$-0
76	$60,010	$61,541	$-1,531	$2,410	$3,941	$-1,531	$57,600	$57,600	$-0
77	$60,049	$60,049	$-0	$2,449	$2,449	$0	$57,600	$57,600	$-0
78	$60,089	$60,089	$0	$2,489	$2,489	$0	$57,600	$57,600	$0
79	$60,129	$60,129	$0	$2,529	$2,529	$0	$57,600	$57,600	$0
80	$60,171	$60,171	$0	$2,571	$2,571	$0	$57,600	$57,600	$0
81	$60,213	$60,213	$0	$2,613	$2,613	$0	$57,600	$57,600	$0
82	$60,407	$60,407	$0	$2,807	$2,807	$0	$57,600	$57,600	$0
83	$60,451	$60,451	$-0	$2,851	$2,851	$0	$57,600	$57,600	$-0
84	$60,496	$60,496	$0	$2,896	$2,896	$0	$57,600	$57,600	$0
85	$67,742	$67,742	$-0	$2,942	$2,942	$0	$64,800	$64,800	$-0
86	$67,789	$67,789	$-0	$2,989	$2,989	$0	$64,800	$64,800	$-0
87	$67,836	$67,836	$0	$3,036	$3,036	$0	$64,800	$64,800	$0
88	$67,885	$67,885	$0	$3,085	$3,085	$0	$64,800	$64,800	$0
89	$67,935	$67,935	$-0	$3,135	$3,135	$0	$64,800	$64,800	$-0
90	$67,986	$67,986	$-0	$3,186	$3,186	$0	$64,800	$64,800	$-0
91	$68,037	$68,037	$0	$3,237	$3,237	$0	$64,800	$64,800	$0
92	$68,090	$68,090	$-0	$3,290	$3,290	$0	$64,800	$64,800	$-0
93	$68,144	$68,144	$-0	$3,344	$3,344	$0	$64,800	$64,800	$-0
94	$68,199	$68,199	$-0	$3,399	$3,399	$0	$64,800	$64,800	$-0
95	$68,255	$68,255	$-0	$3,455	$3,455	$0	$64,800	$64,800	$-0

Solid lines = optimized strategy; dashed = naive (draw tax-deferred first). Green difference cells favor the optimized strategy.

End-of-Year Account Balances

Remaining balance in each account at the end of every plan year

Age	RRSP / RRIF	TFSA	Non-Reg	LIF	Total
60	$454,677	$58,275	$88,000	—	$600,952
61	$402,915	$68,898	$96,800	—	$568,613
62	$344,032	$82,134	$106,480	—	$532,646
63	$277,278	$98,275	$117,128	—	$492,681
64	$201,825	$117,644	$128,841	—	$448,310
65 ★	$170,743	$129,409	$114,369	—	$414,521
66	$135,527	$142,350	$99,272	—	$377,148
67	$95,744	$156,585	$83,529	—	$335,857
68	$50,916	$172,243	$67,118	—	$290,277
69	$517	$189,467	$50,013	—	$239,998
70 ★	—	$208,414	$31,426	—	$239,840
71 ★	—	$229,256	$11,170	—	$240,426
72	—	$242,480	—	—	$242,480
73	—	$246,369	—	—	$246,369
74	—	$251,401	—	—	$251,401
75	—	$258,932	—	—	$258,932
76	—	$268,024	—	—	$268,024
77	—	$278,850	—	—	$278,850
78	—	$291,601	—	—	$291,601
79	—	$306,485	—	—	$306,485
80	—	$323,733	—	—	$323,733
81	—	$343,599	—	—	$343,599
82	—	$366,212	—	—	$366,212
83	—	$392,015	—	—	$392,015
84	—	$421,347	—	—	$421,347
85	—	$447,378	—	—	$447,378
86	—	$476,999	—	—	$476,999
87	—	$510,587	—	—	$510,587
88	—	$548,559	—	—	$548,559
89	—	$591,375	—	—	$591,375
90	—	$639,540	—	—	$639,540
91	—	$693,610	—	—	$693,610
92	—	$754,198	—	—	$754,198
93	—	$821,976	—	—	$821,976
94	—	$897,688	—	—	$897,688
95	—	$982,149	—	—	$982,149

Compare Scenarios

Select 2–3 plans to compare side by side. Each is recalculated with the current model.

Current plan

Select at least 2 plans to compare.

This model uses 2025 federal and provincial tax schedules (selected province), with the federal lowest bracket at 14.5% for the 2025 base year and 14% (indexed ~2%/yr) thereafter, plus CPP/OAS deferral factors, RRIF & LIF minimum schedules, the 2025 OAS recovery tax, and the age and pension income credits. It is an educational estimate for planning — not personalized financial or tax advice.

Still building your retirement savings?

Retirement Horizon is a companion to the Income Sequencer. Estimate future retirement income or explore the annual savings needed for your goal.

Explore Retirement Horizon