A simple model that compares your projected nest egg at retirement against the amount needed to sustain your desired annual income. Built on the 4% safe-withdrawal heuristic — useful as a starting point, not a guarantee.
Uses the 4% safe-withdrawal rule (Bengen, 1994) to estimate the nest egg required. Assumes a constant rate of return and ignores taxes, fees, inflation, and Canada Pension Plan / Old Age Security income. A real retirement plan accounts for all of these.
Build A Real Retirement Plan